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Drilling Moratorium

A Threat to Jobs in the Gulf: The Drilling Moratorium

Even though the BP well is planned to be fully plugged sometime on Sunday, disputes over employment loss are just heating up.

 

Beyond the debate amongst major companies like BP and Transocean over who caused the worst oil spill in history, disputes are brewing over employment lost due to the Moratorium put on deep-water drilling in the Gulf of Mexico by the Obama Administration.

A report released Thursday by the Obama Administration states that, although predictions showed between 8,000 and 12,000 jobs lost due to the moratorium, the current evidence shows little, if any, job loss in the region.… Continue reading

Mourning the Moratorium

The 6-month moratorium on deepwater offshore drilling was blocked on Tuesday, allowing many offshore rigs to continue production. It also allows for new deepwater contracts for offshore drilling in the Gulf.

 

U.S. District Judge Martin Feldman decided that a problem with one oil rig does not mean there are problems in all of them, so the moritorium was blocked.

Judge Martin Feldman’s words, according to The Huffington Post: “If some drilling equipment parts are flawed, is it rational to say all are? Are all airplanes a danger because one was? All oil tankers like Exxon Valdez? All trains? All… Continue reading