As engineers bore deeper into the seafloor toward the source of the oil still spewing into the Gulf of Mexico, BP PLC is growing more confident that the relief well it expects to complete in August will succeed where all previous efforts to contain or kill the gusher have failed.
WASHINGTON  President Barack Obama will Thursday extend a moratorium on new deepwater drilling for six months, and unveil a major curtailment of the offshore oil industry, after a review of the Gulf disaster.
The next oil spill could reach the coast days earlier if The Weekly Standard's Bill Kristol has his way. Kristol told Fox News' Chris Wallace that he would like to see future drilling closer to shore.
