Posted on 08/20/2010 6:29:51 PM PDT by Brilliant
Senior Obama administration officials concluded the federal moratorium on deepwater oil and gas drilling would cost roughly 23,000 jobs and freeze up to $10.2 billion in oil-industry investment, according to previously undisclosed documents detailing their internal debates.
Marcia McNutt, an Obama administration science adviser, commented on the corporate culture of BP in a memo sent to Michael Bromwich, the administration's new top offshore oil exploration regulator, on June 28.
Critics of the moratorium, including Gulf Coast political figures and oil-industry leaders, have said it is crippling the region's economy, and some have called on the administration to make public its economic analysis. A federal judge who in June threw out an earlier six-month moratorium faulted the administration for playing down the economic effects.
After his action, the documents show, administration officials considered alternatives but chose to impose a new drilling moratorium after concluding the industry lacked viable strategies for containing another major spill. Officials also expressed doubts internally about the reliability of the equipment the industry uses to prevent blowouts.
The administration hadn't previously disclosed its estimates of the economic effect of the controversial halt, ordered after the April explosion at a Gulf of Mexico well. The documents doing so were filed in a New Orleans federal court by the Justice Department earlier this week as part of the latest round of litigation over the moratorium.
Spanning more than 27,000 pages, they provide an unusually detailed look at deliberations about how to respond to the legal and political opposition to the moratorium...
(Excerpt) Read more at online.wsj.com ...
Ubanga and the rats STILL have the same plan they have always had - - do whatever is necessary to create as many government-dependent parasites as possible in order to grow the Democrat party “base”. What better way to accomplish this than by destroying the economy so that millions lose their jobs and get thrown out on the street so that they have to come crawling to government for “help”?
Voila! Expanded Democrat “base”.
Glad to see that they were focusing on jobs with a laser :(
I really hope you were being sarcastic, but no sarc tag soooo gotta ask.....Where do you get that rationale?
BP did not initiate the moratorium. They are a private company, not the government. The moratorium was a “godsend” to the regime which wants more and more middle class downward mobilizing and depending on the government.
Ridiculous moral relativist garbage. Just the kind of irresponsible attitude I’d expect from a Marxist.
The dimocrat party is the communist useful idiots. No I diden’t spell democrat wrong.
The dimocrat party is the communist useful idiots. No I diden’t spell democrat wrong.
The Democrat Party has achieved the status of Foreign Power and we are now an Occupied Nation.
It is not BP’s fault. The moratorium is a very cynical political abuse of power. It is death penalty level action.
Obama and those who violently oppose all drilling, all energy in any form should be made to pay heavily. The moratorium is political violence in it’s most disgusting form.
Such abuse must not be tolerated.
It is not BP’s fault. The moratorium is a very cynical political abuse of power. It is death penalty level action.
BP killed countless small businesses in the Gulf Coast's seafood and tourist industries. They deserve the death penalty. The other drilling companies are innocent. They should be compensated also, just like the tourist and seafood industries.
Drivel..... Those businesses will be compensated by BP
The businesses Obama et al killed will be dead with no compensation.
You are badly wrong on this issue and should just quit while you are not so far behind
By the way, the sea food business is back with a clean bill of health. The drillers may never recover.
I expect that being pro rail transfers to being anti car and anti oil. That is a losers position and places you squarely in the wacko greenie camp
I expect that being pro rail transfers to being anti car and anti oil.
That's a silly supposition, bert.
As an engineer, I'm merely anticipating the shift in market demand for transportation technologies due to trends in resource availability.
You OTOH, seem to be a political dinosaur stuck in the 20th Century and unable to evolve/adapt to face the challenges that we're being presented with in the 21st Century.
You sure it doesn't mean "Fan of the engineering firms that perform exotic, lengthy and outcome-preordained studies deamnding a greater pubic transportation industry" ?
The only "trend in resource availability" we're seeing here is the goobermint making resources less and less available, artificially, so as to further socialism and goobermint control.
Yes jimt, BP has proven that the Oil Industry is incapable of responsible self-regulation.
.....You OTOH, seem to be a political dinosaur stuck in the 20th Century......
Loudly spoken by one who like the Associated Press insists on forcing a 19th century concept in to the present and betond.
Loudly spoken by one who like the Associated Press insists on forcing a 19th century concept in to the present and betond.
A 19th Century concept upgrade to 21st Century performance standards.
The predicted benefits are well documented and reliable.
(Unlike the libertarian twits who pray and chant for some mystical "invisible hand" to bring them economic salvation.)
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