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Obama Administration to Issue New Drilling Moratorium

The Obama administration scrambled to resurrect a ban on deepwater oil drilling after a U.S. judge declared that its six-month moratorium was too broad and arbitrary.

NEW ORLEANS/WASHINGTON (Reuters) -The Obama administration scrambled on Tuesday to resurrect a ban on deepwater oil drilling after a U.S. judge declared that its six-month moratorium was too broad and arbitrary, despite the massive oil spill in the Gulf of Mexico.

"I will issue a new order in the coming days that eliminates any doubt that a moratorium is needed, appropriate, and within our authorities," U.S. Interior Secretary Kenneth Salazar said in a statement.

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