White House To Lift Deep-Water Drilling Ban, Now That It's So Safe 795 Jim Newell 10/12/10 12:09PM Filed to: oil spill oil spill Offshore drilling Deepwater drilling Oil Have you, too, been itchy to journey miles-deep into the ocean for "black gold" again? Well good news: the Obama administration plans to lift its deep-water drilling moratorium very soon, alongside new safety rules! Mmm, can't wait to ignore those.