News -> INDReporter THU, SEP 16 10:31AM by Walter Pierce

White House: Moratorium’s effect minimal

In a report presented Thursday to the Senate Small Business Committee, the Obama administration asserts that the economic effects of the deepwater drilling moratorium have been far less severe than anticipated, mitigated in large part by the many jobs created through hiring cleanup crews as well as massive spending in the region by BP. In fact, the report finds no net loss of jobs in the region, an assertion that is being vigorously disputed by Louisiana Sens. Mary Landrieu and David Vitter.

The state’s Senate delegation points to what they’re calling a “de facto moratorium” on shallow-water drilling — less than a dozen such permits have been issued since the height of the spill compared to an average of 40 per month prior to the Deepwater Horizon explosion.

Read more here.


Walter Pierce
About the author:


Comments (3)add
...
written by ragin_cajun , September 16, 2010 - 04:55 pm
"less than a dozen such permits have been issued since the height of the spill compared to an average of 40 per month prior to the Deepwater Horizon explosion."

And that's change you can believe in!
...
written by Krusty , September 16, 2010 - 05:29 pm
"economic effects of the deepwater drilling moratorium have been far less severe than anticipated"

True, unless you drill in deepwater.
...
written by Resident , September 17, 2010 - 12:05 pm
I posted a while back that Don Briggs' doomsday prediction was suspect. He may have been sincere, but all the partisan drama queens who tried to use the moratorium as yet another example of how Obama is destroying everything just got their credibility knocked down another notch. Cry wolf enough and no one is going to listen anymore.

I'm not for the moratorium but the doomsday predictions only make things worse.
You must be logged in to post a comment. Log in using your Facebook account or register if you do not have an account yet.

busy 
LA LA Land
Advertisement
Most Read
Advertisement
Advertisement
in case you missed it