U.S. to Issue New Drilling Moratorium

The Obama administration plans to issue a new order to halt deepwater oil and natural-gas drilling projects Monday, two people familiar with the matter said.

Details of the new order—such as how many rigs it would cover, and how it would be structured—were not immediately available. A spokeswoman for the Department of Interior didn’t immediately respond to messages seeking comment. Interior Secretary Ken Salazar is expected to announce the new moratorium order Monday afternoon…

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