Moratorium on gulf oil drilling could increase risks rather than make process safer

Subject: txt hots engry - Critics say
A six-month deep-water drilling moratorium imposed to protect the Gulf of Mexico may raise the risk of oil spills, some members of a U.S. Department of the Interior safety-advisory group warn. The moratorium is also raising concerns that the gulf's $124 billion offshore oil industry will suffer as 33 deep-water projects are on hold.

The delay could imperil as many as 38,000 jobs related to the proj ects as rigs leave for work in other parts of the world, the National Ocean Industries Association, a trade group, estimates....

READ MORE