Obama Says New Oil Leases Must Have More Safeguards
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President Barack Obama said no new offshore drilling leases will be issued until a “thorough review” of the BP Plc oil-well spill in the Gulf of Mexico determines whether more safety systems are needed.
Obama, who plans to travel to the Gulf Coast tomorrow morning, directed Interior Secretary Ken Salazar to report in 30 days on whether more steps are needed to prevent another leak like the one that began with an April 20 explosion and fire on a drilling rig off the Louisiana coast.