The Wall Street Journal reports: “The global oil industry, far from chastened by the catastrophic spill in the U.S. Gulf of Mexico, is planning record spending next year, including a large amount for deep-water development. … Barclays estimates spending on new wells, producing platforms and other energy infrastructure will total …
After the BP oil spill, the Obama Administration offered little excuse for instituting a moratorium on deepwater drilling regardless of the fact that it brought one of the Gulf Coast’s main industries to a sudden halt. Despite federal judge Martin Feldman’s ruling on the moratorium and despite a federal appeals …
Every year, residents of the Gulf come to Morgan City, Louisiana to celebrate the lifeblood of the region’s economy: seafood and oil. This September marks the 75th anniversary of this symbiotic relationship. The Shrimp and Petroleum Festival emphasizes “the unique way in which these two seemingly different industries work hand-in-hand …
The final cost of the Gulf spill cleanup hasn’t even been tallied and some experts are already predicting that the economic impact of the President’s politically-motivated drilling moratorium will prove to be more costly. At the end of May, the President announced that he would be extending his temporary moratorium …
President Obama’s ban on offshore drilling has come under heavy fire. The industries directly and indirectly affected by the offshore moratorium made their voice heard that they oppose the president’s moratorium, and just yesterday Louisiana Governor Bobby Jindal argued in an amicus brief that “The drilling moratorium imposed by [the …
