Arctic Drilling to be Suspended

No exploratory drilling until at least 2011
By Rob Quinn,  Newser Staff
Posted May 27, 2010 2:52 AM CDT
Updated May 27, 2010 5:35 AM CDT
Arctic Drilling to be Suspended
The suspension "will cause more delays and higher costs for domestic oil and gas production," complained Sen. Mark Begich. (D-Alaska)   (AP Photo/THE CANADIAN PRESS/Jonathan Hayward)

Shell is going to have to wait, baby, wait to get its hands on new sources of Arctic oil. The Obama administration plans to suspend exploratory drilling in the Arctic Ocean until 2011 at the earliest because of the problems exposed by the Gulf oil spill, a source tells AP. Shell had been due to start drilling in the Beaufort and Chukchi seas this summer.
(More Shell Oil stories.)

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