Regarding the other point. I admitally made a mistake in my post, I used the word "drill" when I meant "production." Whats been halted is new wells, or expansion of existing wells, which operate at a depth of over 500 Ft, which is how the moratorium defines "Deepwater." However existing wells which are producing will continue to operate, and any expansion or existing wells in waters less than 500 ft are unaffected.
So yes there is a ban on drilling in some areas, but there is no ban on production.
Now that you've caught my mistake, which is perfectly fair I said it after all, are we going to continue a discussion or would you rather indulge in self-righteous snobbery?