New rules slow Gulf drilling pace in shallow water

AP: The drilling moratorium enacted after the BP oil spill applies only to the deepwater Gulf of Mexico. Yet energy exploration in the Gulf's shallow waters has come to a virtual standstill as drillers grapple with tougher federal rules since the spill. The pace at which regulators grant drilling permits in water less than 500 feet deep has slowed sharply this summer, an Associated Press analysis of government data shows. Just four out of 10 shallow-water drilling applications have been ......

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