The Rabbi, Obama did not ban all offshore drilling, just deep water. The loan in your Op is not for deep water drilling.
AND the TEMPORARY ban is not even for ALL deep water drilling, those that existed before the spill are carrying on business as usual....the temporary ban is only for NEW deep water drilling, so that these NEW businesses can be inspected and given time to develop THEIR plans on how they would stop another catastrophe, as the gulf oil spill that just happened, from my understanding of it? Am I wrong?