Obama Administration May Lift Drilling Ban This Week
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The Obama administration probably will act this week to lift a moratorium on deep-water oil and gas drilling, White House press secretary Robert Gibbs said.
Administration officials have held meetings in the past few days and are closing in on establishing safeguards to prevent a repeat of BP Plc’s Gulf of Mexico spill, Gibbs said. Interior Secretary Ken Salazar scheduled a 1 p.m. conference call today to make an announcement on deep-water drilling, the agency said.