News has leaked that Obama will impose and/or continue a 7-year ban on drilling in the eastern part of the Gulf of Mexico in response to the BP (NYSE:BP) oil spill.
The announcement should officially come from Ken Salazar sometime soon.
This is a continuation of the assault upon drilling for oil of the coast of the United States, and in essence keeping the oil moratorium going, even though it has allegedly been lifted.
The fact that there are no permits being allowed shows the ban is effectively still in place, even though it has "officially" been lifted.
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