First Deepwater Drilling Permit Since the Gulf Spill

Updates

March 1, 2011: a "talking head" on CNBC today opined that this first permit was "political."  He warned investors not to get excited about deep water drilling in the Gulf. He expects the next permit won't be issue for quite some time. In addition, I don't expect BP and others to rush back in.

Original Post

Rigzone is reporting that the first deep water drilling permit has been issued for drilling in the Gulf of Mexico since drilling was suspended on June 12, 2010 following the blowout/spill.

I am very happy to see that this may be the beginning of a return to a normal economy in Louisiana. Let's hope so. Those folks have been through a lot.

Good luck to all. That's a cliche. I know "luck" has very little to do with. Godspeed? May the force be with you.