Questions raised about OCS moratoriums, US security

12/06/2004
The US Minerals Management Service will begin a 21/2-year process developing the next Outer Continental Shelf 5-year plan when it requests comments and nominations this month. The plan for 2007-12 will exclude all but the central and western Gulf of Mexico because the other areas remain under presidential withdrawal or congressional moratoriums.But an official of the US Department of the Interior urged members of MMS's OCS Policy Committee to consider whether future evaluation and development of the excluded areas' oil and gas resources could be in the national interest.Nigerian export turmoil contributed to the recent jump in oil prices past $50/bbl along with Gulf of Mexico prod...
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