API: Drilling freeze must end once new rules are in place

The federal government must immediately lift its moratorium on deepwater drilling after new safety polices are issued, said Erik Milito, director of upstream operations at the American Petroleum Institute. Safety is still the oil and natural gas industry's priority, "but it is also important that the industry be able to develop the resources the American economy will demand and produce the jobs and revenue that will flow from that development," Milito said.

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