5th Circuit Court Of Appeals Rejects Obama's Request To Stay Lower Court Decision LIfting Six Month Bank On Deepwater Drilling

Reuters reports that a "U.S. appeals court on Thursday rejected the Obama administration's request to stay a lower court decision to lift a six-month moratorium on deepwater oil drilling in the wake of the BP Plc oil spill. The U.S. Court of Appeals for the Fifth Circuit, based in New Orleans, ruled about an hour after hearing arguments. Its decision will likely prompt the Interior Department to quickly issue a revised moratorium order on deepwater drilling below 500 feet to address concerns raised by the federal courts." Tweet