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Jul 3, 2010 4:27 PM by Chris Welty

Landrieu, Business Group Backs Lifting Moratorium

NEW ORLEANS (AP) - U.S. Sen. Mary Landrieu and the U.S. Chamber
of Commerce have filed court papers in support of lifting the
moratorium.
In this case, Landrieu and the Chamber of Commerce are
supporting U.S. District Judge Martin Feldman's ruling that shot
down the Obama administration's decision to put a halt to deepwater
drilling for six months.
The fate of the moratorium is now in the hands of the 5th
Circuit Court of Appeals in New Orleans.
The court filing says that "the economic losses that will be
inflicted by the moratorium are nothing short of staggering."
The Obama administration has said the moratorium is necessary to
safeguard the Gulf of Mexico from another oil spill while
regulators work to do a better job of overseeing deepwater
drilling.

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