Monday, July 12, 2010

Obama Offshore Drilling Moratorium: Administration Issues New Rule

Hopefully we can make this one stick. I am anxious to see the details. Perhaps today's commission report will aid in defense of the new moratorium. We need to make it clear that the economic impact of the moratorium is relatively small. I heard some crazy reports about widespread economic damage due to the moratorium, which completely absurd. Exploratory operations are a small part of the sector overall, and workers can be retasked.


Read the Article at HuffingtonPost

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