Gulf Rig Owner Criticizes Obama's Drilling Halt

The owner of the broken Deepwater Horizon rig that is spewing oil into the Gulf of Mexico has criticized the U.S. government's six-month ban on deepwater drilling in the area.

Transocean Ltd. president Steven Newman said Tuesday on the sidelines of an oil conference in London there were things President Barack Obama's administration "could implement today that would allow the industry to go back to work tomorrow without an arbitrary six-month time limit."

Transocean owns the Deepwater rig, which is run by British oil company BP PLC. An April 20 explosion on the rig killed 11 workers and set off worst oil spill in U.S. history.

A U.S. federal judge is mulling whether to lift the moratorium on new deepwater drilling imposed by Obama and will decide by Wednesday.

Meanwhile, protesters heckled a BP executive during his speech.

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  • by Ruff,Ruff on Jun 22, 2010 at 03:32 PM
    bush snake oil.He flew over the third day.He did not land for security reasons.Why take the focus of officers off looting and all the crime that was going on there just to gaurd the president.Much more crime would have happened if W would have landed because of lack of law enforcement.By the way there were a couple of times that them idiots over there shot at helicopters that were trying to help.I would not lend a hand to anybody that is going to shoot at me.Sort of like dont bite the hand that feeds you.
  • by Mike Location: Edenton on Jun 22, 2010 at 03:06 PM
    What's so unusual about criticism of Obama? It seems he can't do ANYTHING right!
  • by Cactus Location: Strabane on Jun 22, 2010 at 01:44 PM
    And just which Swiss Bank will BP deposit "the dear leaders" millioms of $$$?
  • by The flood Location: Winterville on Jun 22, 2010 at 12:36 PM
    The truth is that we have a judicial system set in place to determine guilt and damages. The president breached the seperation of powers and far overstepped his authority when he "shook down" BP. Some more truth for you, BP is foregoing dividend payments to its bond holders so they can put money in this fund. They pay out a lot more in dividends than the $1.25bil per quarter over the next 4 years they are going to spend. So BP is actually going to spend less money than planned before the spill and who is getting the shaft? Normal everyday Americans (who own 40% of BP) and Britons who have BP in their retirement funds. If you have a retirement plan there is good chance you own BP shares. Oh and a judge just blocked Obama's moratorium.
  • by Anonymous Location: greenville on Jun 22, 2010 at 12:27 PM
    another obama idea not supported by government officials. Drilling is back on
  • by voter Location: nc on Jun 22, 2010 at 11:56 AM
    a federal judge just blocked obonzo's drilling moratorium. (in spite of obonzo being a self proclaimed king.)
  • by George Location: Williamston on Jun 22, 2010 at 11:30 AM
    I have a question for obama snake oil, you said he has not came up with anything good. How do you feel about the 20 million dollar fund for the people effected by the spill vs the republicans wanting to put a cap on BP's liabilities, and apologizing for being shakin down? Dont try to say that the consumers will pay for it and that the government will control the money, for once tell the truth and be honest.
  • by bush snake oil Location: ENC on Jun 22, 2010 at 10:57 AM
    Some of you show your true colors by bashing obama at every turn. I think the loss of the white house hurts deep for most of you. how quick you forget Bush and his Katrina response..... or should I say..... no response.
  • by Obama Snake Oil Co Location: Washington on Jun 22, 2010 at 09:32 AM
    Anonymous, whaaaaatttt? Is it warmer in the city than the day is long?
  • by The flood Location: Winterville on Jun 22, 2010 at 09:25 AM
    Yes I am an angry white male. Does my skin color make my anger somehow unjustified? Does Obama's skin color make him somehow immune to criticism? You don't have to answer because I already know the answer to both of those questions, in your mind, is yes. Oh and a little fyi his skin color has nothing to do with my disgust for the direction he is taking us.
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