Deep Gulf oil drilling thrives again

Associated Press
In this Oct. 27, 2011 photo, oil rig workers are sending pipe into a well they are drilling from the Perdido platform. It is the 7th well of 35 that will be drilled for the platform. (AP Photo/Jon Fahey)

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The Obama administration had halted drilling in the Gulf of Mexico after the massive BP oil spill. But the first new drilling permit was issued in March, and now the Gulf is humming again as oil executives describe it as the world's best place to drill.

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