US OKs 6th deepwater drill permit since BP spill

Fri Mar 25, 2011 5:52pm EDT

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 WASHINGTON, March 25 (Reuters) - The U.S. Interior
Department said on Friday it had approved a permit for Statoil
(STL.OL) to drill for oil in the deep waters of the Gulf of
 It was the sixth such permit issued by the government since
the BP oil spill.
 (Reporting by Tom Doggett; Editing by Dale Hudson)

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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