Wednesday, March 23, 2011

Oil Drilling in the U.S. - #2745 - Drill Brazil, Drill? - Hot Air (2) VIDEO: 19,000 Jobs Worth 1.1 Billion in Wages Lost Nationally Since Offshore Drilling Moratorium Imposed by Obama- CNS News (3) U.S. Offshore Drilling Czar 'Not Thoroughly Familiar' with Billions in Lost Royalties from Offshore Drilling - CNS News

For a man who opposes domestic production of American crude oil in the oceans, Barack Obama seems awfully eager to push Brazil into the kind of exploration and extraction that his administration blocks here in the US. Investors Business Daily calls this policy Drill, Brazil, Drill, a takeoff of Sarah Palin’s Drill, Baby, Drill support for unleashing US energy resources. Obama’s plea also negates the reason he claimed that the trip was necessary in the first place: Now, with a seven-year offshore drilling ban in effect off of both coasts, on Alaska’s continental shelf and in much of the Gulf of Mexico — and a de facto moratorium covering the rest — Obama tells the Brazilians: “We want to help you with the technology and support to develop these oil reserves safely. And when you’re ready to start selling, we want to be one of your best customers.”  Read more.......


19,000 Jobs Worth 1.1 Billion in Wages Lost Nationally Since Offshore Drilling Moratorium Imposed - CNS News - At least 12,000 jobs have been lost since last summer’s moratorium on offshore oil production, surpassing projected job losses in a 2010 study by thousands, according to the Louisiana State University professor who authored the study.  Joseph Mason, author of “The Economic Cost of a Moratorium on Offshore Oil and Gas Exploration to the Gulf Region,” estimated that the new regional job losses due to the moratorium on offshore oil production in the Gulf region is now 12,000 – up from his original estimate of 8,000.  Mason also estimated the national job losses to have increased from 12,000 to 19,000; regional wage losses to be $800 million, up from $500 million; national wage losses to be $1.1 billion, up from $700 million;  Read more........ Please watch, it is quite sobering to hear these numbers of what is happening in the Gulf States due to the moratorium on drilling.


U.S. Offshore Drilling Czar 'Not Thoroughly Familiar' with Billions in Lost Royalties from Offshore Drilling - CNS News - The head of the federal agency responsible for overseeing offshore oil drilling could not directly answer questions posed by Rep. Jim Moran (D-Va.) about billions of dollars in lost revenue from offshore oil and natural gas wells that are not paying royalties to the federal government for operating in U.S. waters.  Michael Bromwich was questioned last week at an appropriations hearing to consider a $358.4-million budget request for the Interior Department's newly created Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), which he heads.  Read more.........

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