Lifted Drilling Moratorium called positive by manufacturers.
Press Release Summary:
June 25, 2010 - NAM President addressed lifting of 6-month moratorium on wells in depth of 500 ft or more by U.S. District Court in Eastern District of Louisiana. Specifically, John Engler called Judge Feldman's decision "vital to our future energy independence and a step in the right direction" for a healthy economy. He cited job losses incurred by said moratorium and noted its consequences for manufacturers "who make and supply equipment, services, engines, boats and materials such as steel and concrete."
Original Press Release
Manufacturers: Decision to Lift Drilling Moratorium Is a Positive Step
Press release date: June 22, 2010