IPAA, IADC warn of extended drilling ban's impacts

06/07/2010
Extending a drilling ban in many parts of the Gulf of Mexico could have serious economic impacts on the US Gulf Coast, officials of two oil and gas associations said separately on May 28 in response to announcements made the previous day by the Obama administration."The administration should not make hasty decisions and advocate legislative and regulatory initiatives that could result in severe limitations to offshore drilling in America—consequences that can further harm the Gulf Coast economy," Independent Petroleum Association of America Chairman Bruce H. Vincent said in a statement."Controlling the well and protecting the environment are the main priorities today,...
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