The flip-flop is a huge setback for oil companies and means oil companies have gone almost two years without access to new offshore drilling leases. The ruling came as a surprise, and gives the middle finger conservatives who were pushing for a a broader oil exploration policy. WSJ:
Just another reason to push hard for 2012.
Interior Secretary Ken Salazar said Wednesday his decision was "based on the lessons that we have been learning and knowing that there is a robust safety regime that we are [putting in place] to prevent another Deepwater Horizon incident."
Mr. Obama's proposal in March to expand offshore exploration came as he sought Republican support for legislation to curb greenhouse-gas emissions.