BP Plan for Gulf Drilling is Approved

NY Times reported that the Obama government is one step closer to approving BP (NYSE:BP) to make its return to the Gulf of Mexico after the Deepwater Horizon oil spill one year ago.

As quoted in the market news:

The decision came only a week after the administration announced that the company would be permitted to bid on new oil leases in the gulf in a December lease auction, the first scheduled since the disaster.

Click here to read the full NY Times report