The head of the Minerals Management Service has resigned from the post. There has also been a six month moratorium placed on deep water drilling permits. In addition, plans to drill off the Virginia coast have been cancelled and exploratory wells in the Artic off Alaska have been delayed.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/apps/news?pid=20601070&sid=aEaDm28FWf1M
Jim Sutliff