Obama’s Drilling Freeze Will Cost 120,000 Jobs

Eyeblast TV ^ | 6/16/2010 | Joe Schoffstall

[blog.Eyeblast.tv]

Despite the Gulf regions economy being damaged from the seemingly endless oil spill, President Obama has implemented a six month moratorium on drilling in the region. This ban on drilling is estimated to cost 120,000 people their jobs, as some oil companies may be relocating to more energy friendly areas.

According to Wood Mackenzie Research and Consulting, the six month moratorium will result in the following:

* The 33 drilling platforms which support some 1,400 workers, offshore and onshore will be forced to shut down

* As many as 46,200 jobs could be idled by the moratorium

(continued)

[Red_Devil 232]

There are rigs already making plans to head to Brazil. Just as Soros planned.

[Wolfie]

Bah. I don’t live anywhere near a coast. Drill baby, drill!

[fightinJAG]

Yes! And those jobs will be lost permanently, as will market position.

[Made In The USA]

That’s OK, we need another 100,000 or so temporary census workers....

[investigateworld]

Oh well, you guys can console yourselves with the fact that they pay less in Brazil.

[Cheerio]

That’s OK, we need another 100,000 or so temporary census workers....

Heard that boy king wants to do a census every year.

[Nachum]

The list, ping

[JoanneSD]

This will be thousands more drawing unemployment.. which extends now 99wks..putting more strain on already broke states...

[Fantasywriter]

As long as it doesn’t crimp his hundred-dollar-a-pound wagyu beef parties, he’s fine with that.

[The Sons of Liberty]

Oil field workers are not a forgiving lot.

[Mark was here]

No worries, they can be hired by the Census.

[Texas resident]

120,000 will be the start. They are not taking into account the ripple jobs that will be lost as well.

[Travis T. OJustice]

What an anti-stimulus! I heard an oil industry guy say something like “If you want to see a real economic stimulus, see how a 20 year old kid who makes $100,000 a year on an offshore rig uses his money!”

This ridiculous “moratorium” will not help the economy, and will in fact seriously hurt a lot of people, well beyond the offshore drilling industry.

[Star Traveler]

Here's the full text of President Obama's speech about the BP disaster/gusher in the Gulf of Mexico ...

Obama's Remarks To Nation On Oil Spill [Full Text]

[ArrogantBustard]

It’s bad for America.

Zero favours it.

Are we surprised?

[1rudeboy]

Well, that’s one way for a protectionist to explain away all those rigs that are in the process of being towed elsewhere . . . .

[investigateworld]

Excuse me?

Haven't you always proposed that "Them that do it cheaper are "entitled?"

[nascarnation]

BINGO
the census will continue at least through November

maybe November 2012 LOL

[1rudeboy]

Nope. And in this case, NOPE. You need to find some other windmills at which to tilt . . . .