A new study from IHS-CERA, one of the leading energy think tanks, projects the cost of the Department of the Interior’s ongoing regulatory slowdown and its impact on the energy industry, employment in the coastal states, and the U.S. economy in general. The study, released on Thursday, was commissioned by the Gulf Economic Survival Team (GEST). We’re beginning to see the true cost of an | Read More »
Rig Maintenance Supervisor Bill Masters of Trout, LA lost his job with Seahawk, a shallow water rig contractor, last June 23. After 38 years on the rigs, Masters hoped to go back to work fairly quickly; that’s the way it had always happened before. But not this time. Seahawk has laid off 300 workers. Only three of 20 rigs in its fleet are currently working. | Read More »
President Obama’s callous indifference to his drilling moratorium’s negative impact on Louisiana is worthy of the “Let Them Eat Cake” Hall of Shame. When pressed by Gov. Bobby Jindal to reconsider the drilling ban and corresponding shallow water permit foot-dragging on the state’s economy, the President responded by suggesting that laid off workers might apply for BP funds, or failing that, unemployment compensation. The President | Read More »
The President’s post-election remarks contained something of an “olive branch” to Congressional Republicans. It came in the form of a broad hint that the Administration might backpedal on its opposition to natural gas development. Obama’s Enthusiasm for Gas Drilling Raises Eyebrows “We’ve got, I think, broad agreement that we’ve got terrific natural gas resources in this country,” Obama said when he was pressed for issues | Read More »
Six months have passed since the Transocean drilling rig Deepwater Horizon, contracted to BP, exploded in a catastrophic and spectacular blowout, ending the lives of eleven brave crew members. The Macondo well would continue to flow, essentially unabated, for the next three months. Environmentalists predicted disaster. Let’s look at reality. Federal leaders of Gulf of Mexico oil spill response report only a few lingering trouble | Read More »
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