Federal Judge Blocks Moratorium on Deepwater Drilling in the Gulf

From Reuters:

“U.S. judge on Tuesday ruled against the Obama administration’s six-
month moratorium on deepwater drilling in the wake of the oil spill in the Gulf of Mexico, a blow to the White House which had hoped the ban would provide time to ensure other wells are operating safely.
A lawsuit was filed by Louisiana-based Hornbeck Offshore Services LLC and was joined by more than a dozen companies involved in offshore drilling operations to reverse the drilling ban imposed by the U.S. Department of Interior.

A federal judge in Louisiana granted the drillers’ request for a preliminary restraining order that would prevent the ban from taking effect.”