U.S. lifts moratorium on deep-water drilling in Gulf of Mexico

Oil industry representatives, however, express concern that new, tighter regulations could slow the issuing of permits. Others oppose ending the suspension amid ongoing inquiries into the BP spill.The Obama administration on Tuesday lifted its moratorium on oil and gas drilling in the deep waters of the Gulf of Mexico, potentially blunting a serious political issue in the weeks before the midterm congressional election and signaling its confidence in newly tightened regulation.

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