Sunday, July 25, 2010
Screw the Moratorium -- Let's Go Back to Work
Judge Martin was right on when he called the Obama administration moratorium "arbitrary and capricious" and without authority. Every day the moratorium is allowed to be effective, human and monetary costs mount. An estimated 150,000 jobs related to offshore drilling in the Gulf are idled, and the moratorium may have already cost more money than has the oil spill. The CEO of Coneco warns that short term costs, though high, may well be exceeded by long term costs as rigs relocate. At least two have already left the Gulf. Banning drilling in the Gulf will move production elsewhere and force the importation of more oil. Our representatives should be raising hell every day. Forget polite pleas; they haven't worked.
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