Sen. Mary Landrieu (D-LA) testified Monday in New Orleans to the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling, remarking on the Department of Interior’s latest moratorium on deepwater drilling. Excerpt from the Landrieu testimony:
As residents of this working coast, we want – as much as anyone – for this drilling to be safe for our people and our environment. But we also know full well what a prolonged suspension of deepwater drilling until November 30th will mean for hundreds of oil service companies, other small businesses, and families across the region. In today’s announcement, the Administration has left the door open to resume drilling operations sooner, but Gulf Coast businesses and investors still lack the certainty they need to move forward with future plans.
Whether you call it a moratorium, a suspension, or a pause, the result will still be a substantial loss of jobs. Even the revised moratorium will force thousands of hard-working Louisianians and others along the Gulf Coast into the unemployment lines.
I strongly urge this Commission to take the quick and decisive action to recommend immediately lifting the moratorium to save our businesses, our economy and our way of life.
Bloomberg today is reporting that the Obama Administration has again moved to asked a federal court to dismiss an industry lawsuit challenging the deep-water drilling moratorium. The Wall Street Journal editorialized today on the Interior Secretary’s attempt to create a moratorium that passes judicial muster, but:
Even as Mr. Salazar retooled his moratorium, the first deep water drilling rig was preparing to leave the Gulf in the wake of the U.S. ban. Diamond Offshore said it is relocating its Ocean Endeavour drilling rig to Egypt, immediately, in a contract that will run at least through mid-2011. Diamond CEO Larry Dickerson said “We greatly regret the loss of U.S. jobs that will result from this rig relocation.”
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