As a storm threatens the cleanup operation of the BP oil spill in the Gulf of Mexico, the boss of the Royal Dutch Shell Company Peter Voser, said that it was unlikely that deep water drilling would be given up by his company.
The explosion and sinking of the Deepwater Horizon oil rig in April saw US President Barack Obama order a six month moratorium on all drilling in waters deeper than 500 feet.
This ban was overruled by US Federal Judge Martin Feldman in New Orleans on June 22, 2010. The US government has asked an appeals court in New Orleans to delay enforcement of the order. Changes to safety standards are the primary concern of the law makers now.
Mr. Voser felt that the demand for energy resources was likely to rise sharply in the coming decade and it would not be likely to satisfy the world's growing energy demand without drilling for oil in deep water reserves. The future of deep water drilling is still being debated in the US.