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 »
With the backing of the Obama Administration, the U.S. Export-Import Bank intends to guarantee $1 billion in loans to PEMEX, the Mexican government’s national monopoly oil company. The reason for the loans is to encourage PEMEX to buy supplies and services from American providers. Despite President Obama’s moratorium on U.S. deepwater drilling in the Gulf of Mexico, the U.S. Export-Import Bank intends to guarantee $1 | Read More »
On one hand, Mr. Obama’s “Worst Oil Spill in History” theme serves as pretext for eviscerating the offshore petroleum industry, an industry that, until this spring, was relatively healthy despite the recession. By doing so, he may suck the economic life out of four very red Gulf States. On the other hand, Energy Czar Carol Browner has joined the “Where has the oil gone?” chorus, | Read More »
On Wednesday, July 21, a crowd of 11,000 (joined by 4,000 online) packed the Cajundome in Lafayette, LA for the Rally for Economic Survival. The message was clear and bipartisan (not in the post-modern, ironic sense common in Washington these days): the President’s deepwater drilling moratorium is an economic disaster for Louisiana. Please excuse my shortcomings as a videographer.
According to a new Bloomberg poll, American public opinion on the BP oil spill reflects common sense and a rejection of the Obama Administration’s legalistic overreaction. While public objections to a drilling ban echo the views of Republican leaders such as Louisiana Governor Bobby Jindal, the sentiment is strong regardless of political leaning: 85 percent of Republicans, 73 percent of independents and 65 percent | Read More »
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