Bipartisan pressure is building on the Obama administration to reconsider its ban on new offshore drilling, with Gulf lawmakers decrying the moratorium as an overreaction to the BP oil spill that will compound the economic damage the disaster is inflicting on their states. Lawmakers and industry groups warn that the moratorium could cost thousands of jobs and drain hundreds of millions of dollars out of the local economy. That's on top of the billions of dollars studies predict could be lost from hits to the tourism and fishing industries along the Gulf.
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