In what would be an obvious political move, reports are coming out that Obama may lift the oil ban before its November 30 expiration, with October being the probable date.
The controversial and unpopular moratorium was imposed by the Obama administration for Gulf waters over 500 feet deep after the BP (NYSE:BP) oil spill, even though safety checks from inspectors cleared the remaining oil rigs being operationally safe.
Obama and the Democrats know this is a major issue for a number of regions of the country, and in an economic atmosphere of increasing unemployment, they would get hammered on it; although they still will for forcing on the struggling Gulf states.
While it's being asserted pressure from the states is pushing Obama to end the moratorium early, that's really not the case. What seems to be happening is whether the moratorium is in place or not, delays in drilling could last into the middle of 2011, which makes the idea of a moratorium irrelevant.
If stories are true, the moratorium will be officially lifted, but oil drilling won't be allowed for some time. In other words, it sounds like an outright lie, and there will be an unofficial moratorium in place while leading up to the elections.
While this may seem like it'll placate the governments of the Gulf states, it won't, as they'll see through this and let their people know what's really going on.
How it evidently will work, is new regulations will be put in place that do the same thing as the oil moratorium, and then Obama will lift it to make it look like he and his administration, along with the Democrats, are compromising on the issue, when if fact they're even making it worse than it was.
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