BHP Billiton won the second state to permit drilling in the deepwater Gulf of Mexico since the explosion of the BP platform in the Gulf in April last year led to the disaster with large amounts. The Australian company BHP will use equipment to Helix Energy Solutions Group in the event of an explosion. The first permit drilling in the Gulf, awarded after the explosion, was for Noble Energy. It was granted on 28 February, after rising oil prices because of riots in North Africa and Middle East increased calls from Republicans in Congress to restore the work of oil companies at bay. At a press conference at the White House on Friday, U.S. President Barack Obama said his administration encourages exploration and extraction in deep water, but does so in a responsible manner. The crude oil production in the U.S. Gulf has reached record levels in 2010, has advised Obama. The administration of the White House bans mining in deep water after the explosion on the platform of BP. The moratorium was removed on 12th October, but according to latest news this will be passed and the crude oil production in the Mexican bay will continue in case to stabilize the crude oil crisis.

Year after China called on U.S. fiscal policy “irresponsible” Asian country shows signs of increasing confidence in the policies of U.S. President Barack Obama. This is evident from the data on the size of China’s position in U.S. government bonds. In March and April this year grew by 2.6 percent to 900.2 billion after last year between November and February that she was reduced to 6.5 per cent. So long series of negative has been reported a decade, official data showed. During the two months considered China increased its position in U.S. government bonds with 22.7 billion dollars. This is only part of the increase in foreign assets of the Asian country, which amounted to 205.2 billion dollars. Purchases in recent months have focused on the acquisition of long-term U.S. debt. Unlike now, in 2008 China increased mainly purchases of short-term bonds. For the 12 months to the end of April this year the increase of the position in U.S. bonds with a maturity of two years or more with 46 percent, data show. With the acquisition of long-term bonds China helps the U.S. to keep its funding costs at a record low. Analysts also support companies and consumers in the U.S. and accelerates the process of economic recovery.
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The representative of the European Commission has dismissed allegations that Commission President Jose Manuel Barroso wants to quickly start the process to resolve disputes on two types of genetically modified organisms in the European Union after his new team take over his duties next week, AFP reported. Yesterday the agency communicates information from an anonymous source from the EC, according to Barroso, who wants to renew the settlement process rather the cultivation of two genetically modified organisms (GMOs) in the EU – Culture MON 810 corn and potatoes Amflora. Barroso has no intention to impose GMOs, however, said the official told AFP last night his spokeswoman Pia Hansen Arenkilde. No decision is taken on these two items, she stressed. Of the EC Representation in France also have declared that no precise date is not currently scheduled for discussion of GMOs.
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