Oil/Gas Lease Sale Off Virginia Suspended by Feds
<Update: AP reports that Interior Sec. Ken Salazar has halted the issuance of new offshore oil drilling leases nationwide until at least the end of the month. Here's how the New York Times sees Salazar's action playing out with reard to Shell Oil's plans to drill this summer in the Arctic.>
The Obama administration has been hinting for days that it might reverse course on its support for offshore oil drilling—and today it took the first real step in that direction. Shaken by the uncontrolled Gulf oil spill, the Interior Department has suspended plans for an oil and gas lease sale off the Virginia coastline.
The move comes as the department seeks answers from investigations into the explosion and sinking of the Deepwater Horizon rig and the ongoing leak of hundreds of thousands of gallons of oil every day into the Gulf.