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Obama to Reopen Oil Drilling

Obama to Reopen Oil Drilling --New Rules on Shallow-Water Exploration Expected 08 Jun 2010 The Obama administration, facing rising anger on the Gulf Coast over the loss of jobs and income from a drilling moratorium from his corporate paymasters, said Monday that it would move quickly to release new safety requirements that would allow the reopening of offshore oil and gas exploration in shallow waters. Administration officials say new rules for shallow water oil and gas drilling could be released as soon as Tuesday.