That is what would now be in place in order to continue a deepwater drilling project that is underway in the Gulf.
While speaking with reporters, the President said the moratorium on off-shore drilling would continue through December and certain actively-drilled wells in the Gulf would be put on hold for a period of time.
In fact, the administration has agreed that all evidence demonstrates drilling can safely continue while further study is pursued.
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This supply glut is likely to continue for years as new drilling technology is applied to fields that were formerly uneconomic to produce.
And that means, yes, we still continue to open up new areas for drilling.
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The drilling rigs were able to continue, but we are now massing our forces to be able to move right back out once the weather will allow us to get on the water and skim.
So whether companies are drilling for natural gas or not, they continue to find it.
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The search for additional resource additions is expected leading to further drilling and exploration, which is expected to continue into 2012.
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The current White House says that such unconventional natural gas is such a game-changer and that it requires more federal oversight while a Romney presidency would continue to let the states supervise the development of gas drilling.
Sure, environmentalists will insist that more drilling in the U.S. will just continue our addiction to fossil fuels and will dirty up the air and water.
Although new drilling is declining, a well that has been drilled will continue to be productive long after prices have fallen.
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