A federal judge Tuesday struck down the Obama administration's six-month moratorium on deep-water drilling in the Gulf of Mexico, saying the government likely acted "arbitrarily and capriciously" in imposing the halt. U.S. District Court Judge Martin Feldman's strongly worded. On the flip side: Reaction is pouring in from Capitol Hill on today's decision by a federal judge to reverse President Obama's temporary ban on deep-water oil drilling -- which the White House plans to appeal. China is drafting regulations to ensure the safety of offshore oil and natural gas pipelines, the China Daily reported today, citing unidentified people familiar with the situation.
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