Moratorium Will Further Disrupt Gulf States' Economies, Says Former Interior Secretary

Testifying in front of a House Energy and Commerce subcommittee Tuesday, former U.S. Secretary of Interior Dirk Kempthorne warns members of Congress that the Gulf Coast is being devastated, and a moratorium would be even more devastating. (0:20)

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Murkowski Blames Drilling Ban For "Flight Of Investments"

Sen. Lisa Murkowski (R-Alaska) talks about the local and national economic effects of the 6 month drilling moratorium, saying that the "regulatory pendulum" is going to "swing very far," leading to "complexity" and "inefficiency." She concludes that it could result in investors taking their resources elsewhere. (0:34)
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Louisiana Democrat Shows Fierce Opposition To Drilling Ban

Senior Louisiana Senator Mary Landrieu (D) tells a Senate Energy and Natural Resources Committee hearing, Thursday that the 6-month drilling exploration ban on the Gulf of Mexico could harm her state's economy. Landrieu delivers numbers exhibiting the large job and financial losses that could result from the moratorium, and explains that the ban could negate any job-creation legislation the Senate has been working to pass. (0:41)
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Mark Udall Calls Moratorium "Common Sense"

Sen. Mark Udall (D-Colo.) said during a hearing with the Senate Energy and Natural Thursday that he sees the Gulf drilling ban as a "common sense" decision, specifically in terms of wells that are in development and not production. (0:28)
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Salazar Defends "Pause Button" Moratorium Theory

Interior Secretary Ken Salazar explains to a Senate subcommittee Wednesday how the moratorium on off shore exploration is the best course of action following the disaster, saying that this "pause" will allow regulators to build the capacity to better handle situations that may arise in the future. (0:34)
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Obama Doubling Federal Fleet Of Hybrid Cars

President Barack Obama announces Wednesday that his administration will allow for more oil and natural gas exploration to take place in areas of the Atlantic Ocean and Gulf of Mexico. The new policy could lead to increased offshore drilling in the future. (:31)
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