Salazar Lifts the Drilling Moratorium—Is That A Good Idea?
October 12, 2010
So much for the deepwater-drilling ban. Earlier today, Interior Secretary Ken Salazar announced that he was lifting the moratorium on offshore drilling early, well ahead of the original November 30 deadline. The reason? "There will always be risks associated with deepwater drilling," Salazar explained, "but we have now reached the point where we have, in my view, reduced those risks." It's too early to tell whether he's right about that. What is clear, however, is that Salazar was under plenty of political pressure to lift the ban as early as possible.