Offshore drilling moratorium: good for the Gulf, bad for the economy?

The federal government enacted a six-month moratorium on offshore drilling in deep waters in the wake of the Gulf oil spill. France will seek bids for offshore wind farms by the end of the year to raise renewable energy production and catch up with its neighbors in building sea-based turbines, a government official said. Opponents of a U.S. ban on deepwater drilling asked a federal appeals court to block a bid by regulators to throw out a judge's ruling that scrapped the moratorium.

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News & Politics

Tags:

• federal government
• six-month moratorium
• offshore drilling
• deep waters
• Gulf oil spill
• Deepwater Horizon oil spill
• oil industry
• Obama administration
• France
• offshore wind farms
• sea-based turbines
• Paris
• U.S. appellate court
• New Orleans
• drilling suspension