Sexual Harassment Case

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Rate Cut Hopes

Rate Cut Hopes

BarCap expects bigger rate cuts in India in 2013.  Full Article 

Tumblr Sold

Tumblr Sold

Yahoo buying Tumblr for $1.1 bln, vows not to screw it up  Full Article | Related Story 

Out of China

Out of China

Goldman exits China's ICBC, seven years and billions later.  Full Article 

Debt-for-Fuel Deal

Debt-for-Fuel Deal

Essar Oil to sign $1 bln debt-for-fuel deal with China  Full Article 

Under Scrutiny

Under Scrutiny

Apple, U.S. Congress spar over taxes ahead of Tuesday hearing.  Full Article 

Bond Business

Bond Business

RBI says foreign investors may buy inflation-linked bonds  Full Article | Related Story 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

White House may put hold on offshore drilling plan

WASHINGTON | Thu Jan 22, 2009 1:46am IST

WASHINGTON Jan 21 (Reuters) - U.S. President Barack Obama may order a hold on a proposal issued in the final days of the Bush administration to expand offshore drilling in previously banned areas, an Interior Department official told Reuters on Wednesday.

Shortly after being sworn in on Tuesday, Obama ordered all federal agencies and departments to halt pending regulations until they can be reviewed by incoming staff.

An Interior official said the department is waiting for clarification from the White House on whether a proposed draft of a five-year plan to lease areas in the Atlantic and Pacific waters for oil and natural gas drilling can go forward.

The preliminary plan would authorize 31 energy exploration lease sales between 2010 and 2015 for tracts along the east coast and off the coasts of Alaska and California.

Both presidential and congressional bans on drilling in most U.S. waters ended last year.

Separately, the Interior official said the department's plan to develop oil shale fields in the western United States may also be stopped by Obama's order. (Reporting by Ayesha Rascoe and Tom Doggett)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.