LONDON - Oil industry executives on Tuesday sharply criticized President Barack Obama's six-month ban on deepwater drilling, saying the world did not have enough other sources of oil to eliminate using deepsea rigs.
The massive oil slick in the Gulf of Mexico and the moratorium imposed by Obama dominated discussions at the World National Oil Companies Congress in the British capital, and a BP executive standing in for embattled CEO Tony Hayward was heckled by protesters.
"There are things the administration could implement today that would allow the industry to go back to work tomorrow without an arbitrary six-month time limit," Newman told reporters on the sidelines of the meeting.
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