[dangerousdaneerfan]

"President Obama, who planned to visit the gulf on Friday, ordered a suspension of virtually all current and new offshore oil drilling activity pending a comprehensive safety review, acknowledging that oversight until now had been seriously deficient.

His action halted planned exploratory wells in the Arctic due to be drilled this summer and planned lease sales off the coast of Virginia and in the Gulf of Mexico. It also halts work on 33 exploratory wells now being drilled in the gulf."

From CNBC