The Obama administration lifted the
moratorium on deepwater
oil and gas drilling on Tuesday, but it will be weeks or months before drilling resumes while industry and government regulators scramble to meet strict new rules intended to prevent another disaster like the Deepwater Horizon explosion and spill.
http://www.nytimes.com/2010/10/13/us/13drill.html?pagewanted=all&_r=0
Falling oil prices are putting
the squeeze on a
lot of governments, businesses, rebel groups and gangs.
But petroleum’s collapsing value could hurt Islamic State more than most, according to a recent
newsletter from the Combating Terrorism Center at West Point. And this could force the jihadi group to adjust its military strategy.
Oil Prices Are Dropping Like a Rock—And Hitting Islamic State — War Is Boring
Saudi Arabia has not changed their output despite what OPEC wants. Or course most of the OIL is under OPEC control, but at 56%