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Jun 21
2010

Louisiana backs oil industry, wants drilling moratorium thrown out

Posted by: Administrator in Oil Spill

Administrator

Louisiana is supporting a lawsuit to overturn the six-month moratorium on deep-water drilling. The ban could cost the local oil industry as much as $330 million a month, the state says.

More than 95 percent of the port's business is related to the oil and gas industry, and some business owners at the port say the six-month moratorium on new permits for deep water drilling may result in layoffs. 

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