Obama

Oil and gas industry organizations Friday were joining Louisiana’s Sen. Mary Landrieu in urging President Obama to rescind the blanket moratorium on deepwater operations in the Gulf of Mexico (GOM), calling it a “one-size-fits-all” moratorium that will add further job loss and economic woes to a region already dealing with the devastation of the GOM oil spill.

President Obama has hit the “pause button” on deepwater drilling in the Gulf of Mexico (GOM), but it’s “not the stop button,” Interior Secretary Ken Salazar told a Senate committee Wednesday. No matter what it’s called — a pause or temporary moratorium — some senators believe that it will badly hurt deepwater drilling and the Gulf Coast economy.

President Obama announced Saturday that he has signed an executive order creating a bipartisan “National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling,” which will be co-chaired by former federal officials with a decidedly environmental bent.

President Obama has sent Congress legislation that would raise a producer’s liability for economic damages from an oil spill, administration officials said last Wednesday. The measure calls for the higher cap to take effect retroactively to include damages from the recent well -blowout and the subsequent massive oil slick in the Gulf of Mexico.

President Obama is sending to Congress legislation that would raise a producer’s liability for economic damages from an oil spill, administration officials said Wednesday. The measure calls for the higher cap to take effect retroactively to include damages from the blowout of the BP-leased rig and the subsequent massive oil slick in the Gulf of Mexico.

President Obama plans to make a major speech on financial regulatory legislation Thursday in New York, as Democrats prepare to do battle over the bill on the Senate floor, citing the latest Goldman Sachs scandal as justification for their measure.

President Obama plans to make a major speech on financial regulatory legislation Thursday in New York, as Democrats prepare to do battle over the bill on the Senate floor, citing the latest Goldman Sachs scandal as justification for their measure.

Obama administration officials have put hurdles in the way of “meaningful” financial regulatory reform, which includes first-time regulation of the nearly $500 trillion over-the-counter (OTC) derivatives market, said a Republican senator Tuesday.

Obama administration officials have put hurdles in the way of “meaningful” financial regulatory reform, which includes first-time regulation of the nearly $500 trillion over-the-counter (OTC) derivatives market, said a Republican senator Tuesday.