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Drilling Ban to Cost 23,000 Jobs (putting people to work)???

Larrry

Well-known member
White House Officials Estimated Drilling Ban to Cost 23,000 Jobs, WSJ Says
By Alan Bjerga - Aug 21, 2010 8:21 AM MT Email Share
Business Exchange Twitter Delicious Digg Facebook LinkedIn Newsvine Propeller Yahoo! Buzz Print Obama administration officials estimated a moratorium on deepwater oil drilling in the Gulf of Mexico would cost 23,000 jobs and decided on the ban anyway because of safety and inspection concerns, the Wall Street Journal said.

White House officials weighed alternatives to the ban after a federal judge threw out a moratorium put in place before the one currently in effect, the Journal said, citing more than 27,000 documents the Justice Department filed in New Orleans this week. The documents show debate over how the administration would respond to legal and political opposition to the restrictions, the Journal said.

The current prohibition on most drilling in the Gulf is in effect until Nov. 30. Administration officials expect the ban may be lifted before then, pending expert opinions given in the next few weeks.

The April 20 explosion at a BP Plc oil facility sank a $365 million rig, shut down deep-water exploration in the Gulf of Mexico and wiped out more than $45 billion in the market value of London-based BP. The blowout, being investigated by the Justice Department and House and Senate committees, cost Chief Executive Officer Tony Hayward his job and prompted threats from some lawmakers to bar BP from future offshore U.S. oil deals.

To contact the reporter on this story: Alan Bjerga in Washington at [email protected]

http://www.bloomberg.com/news/2010-08-21/white-house-officials-estimated-drilling-ban-to-cost-23-000-jobs-wsj-says.html

More Hope and Change
 

Steve

Well-known member
the ability to comply with "new tougher standards" will have the same impact as a total ban..

The revised moratorium would allow some drilling rigs to resume operating under certain conditions. To qualify, the rig’s owners must prove that they have adequate plans in place to quickly shut down an out-of-control well, that the blowout preventers atop the wells it drills have passed rigorous new tests, and that sufficient cleanup resources are on hand in case of a spill. Industry officials said it would be difficult to meet those conditions

Mr. Salazar directed federal regulators to come up with interim rules by the end of August that would clarify the steps needed to resume operations. But he made clear that most rigs would remain barred from drilling in deep water through November.

they talk of lifting the ban on offshore drilling all the while planning to end all offshore drilling.. especially after you see how the left is proceeding...
Vermont senator Bernie Sanders just introduced legislation that would ban offshore drilling and boost the national fuel economy standard to curb oil demand accordingly. It's a great idea, and here's how it would work:
The measure would prohibit drilling in the Pacific and Atlantic oceans and along Florida's gulf coastline. A moratorium on drilling in those areas that Congress approved every year since 1982 lapsed in 2008. Sanders' bill also would set a fuel economy standard of 55 miles per gallon, up from an average of 35 mpg that American car makers must achieve by 2030 under current law.

An outgrowth of an Obama administration push to stiffen the standards, the detailed requirement proposed by Sanders would bring the United States up to par with China, Japan, Canada, South Korea and nations in Europe that already have more aggressive standards than the U.S. In Europe, for example, cars already get the equivalent of 42 mpg and by 2020 cars in Europe will be required to get at least 65 mpg.
http://www.treehugger.com

Obama to set to Extend Deepwater Drilling Ban for Six Months
This is all according to a White House aide, who said:
[Mr Obama] will announce standards to strengthen oversight of the industry and enhance safety, a first step in a process that the independent Presidential Commission will continue. While the commission performs its work to determine how to prevent this from ever happening again, the moratorium on permits to drill new deep-water wells will continue for a period of six months.

In addition to that, the President plans to announce delays in exploration and drilling in Alaska, as well as cancellation of leases off the Virginia coast.

Some small measure of sanity... BBC News, is reporting that President Obama will extend the ban on new deepwater offshore oil drilling for an additional six months,

seems the great one talks with forked tongue..
 
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