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    'Drilling = Jobs': Congressman's Simple Message Falls on Deaf Ears

    During the president’s Thursday speech on his new jobs proposal (which, as of yet, does not actually exist on paper), Rep. Jeff Landry, a Republican freshman from Louisiana, staged a bit of silent activism. Photos of the congressman show him holding a sign displaying a simply message: “Drilling = jobs”. … More

    20 Drilling Rigs in Jeopardy of Leaving Gulf Over Permit Delays, Report Warns

    If the pace of Gulf oil drilling permit awards does not increase, as many as 20 drilling rigs could soon leave the Gulf, a major investment bank announced. BER Capital Investments called the current rate of permitting unsustainable in a report released Wednesday. BER’s report noted that the slow pace … More

    Gingrich Wants House GOP to Pass Democrat-Backed Offshore Drilling Bill

    Speaking at Heritage this morning, former Speaker Newt Gingrich called on House Republicans to put politics aside and pass a new proposal from two Democratic senators that would expand offshore drilling off Virginia’s coast. Gingrich suggested it should be one of the top priorities for the House GOP when lawmakers … More

    Morning Bell: Blame the Washington Bureaucracy for High Gas Prices

    Americans are paying more for gasoline today than they were six weeks ago when President Obama released 30 million barrels of oil from the Strategic Petroleum Reserve. In the Gulf of Mexico, meanwhile, 10 drilling rigs — more than one-third of the fleet — have left on Obama’s watch. This … More

    New Study Forecasts Huge Job Growth If Regulators Allow Gulf Oil Drilling

    U.S. employers added only 18,000 jobs last month — a remarkably low figure that contributed to the increase in unemployment to 9.2 percent. That’s the bad news. Fortunately for American workers, the future is bright, but only if regulators in Washington, D.C., get out of the way. A new study … More

    One Year After Oil Spill Was Stopped, Drilling Permits Down Sharply

    The Obama administration is approving deepwater drilling permits at a pace of just 1.7 per month — a dramatic drop that is jeopardizing thousands of jobs for struggling families in Louisiana and neighboring states. The latest figures from the Bureau of Ocean Energy Management, Regulation and Enforcement also reveal a … More

    How Higher Energy Prices Threaten U.S. Jobs

    America’s trucking industry is on pace to pay a whopping $138.7 billion for fuel in 2011 — an increase of $37.2 billion over last year due to higher energy prices. That’s a lot of money for gas. And unfortunately for consumers, they’re likely to pick up the tab. A new … More

    Huge Oil Discovery in Gulf of Mexico Underscores Importance of Exploration

      President Obama’s decision to allow some deepwater drilling to resume in the Gulf of Mexico is already yielding impressive results. ExxonMobil announced yesterday it had discovered what amounts to 700 million barrels of oil in the Gulf — the largest find in 12 years. The discovery comes about two … More

    ‘Understaffed’ Federal Agency Devises New Regulations for Offshore Drilling

    The director of the federal agency responsible for the drilling permit logjam in the Gulf of Mexico has said his agency is too understaffed to address the slowdown in permits — but he now plans to divert his already limited staff resources to the additional regulation of oilfield service providers … More

    This Date in History: Obama Imposes Job-Destroying Drilling Moratorium

    One year ago today President Obama imposed a moratorium on offshore drilling in the Gulf of Mexico. It banned shallow-water and deepwater operations, setting the stage for a year of delays in permitting. Now a U.S. senator wants to put a moratorium on federal agencies. Sen. David Vitter (D-La.), an … More