Blog Archive

Blog Archive

Wednesday, August 25, 2010

postheadericon End the moratorium now

News leaked out this weekend that the Obama administration knew that the moratorium on oil production would cost 23,000 jobs, yet rushed ahead anyway and that could be on the low side. The Louisiana Mid-Continent Oil and Gas Association predicts 46,200 jobs potentially lost due to the moratorium and a Global Insight analysis says that job losses could reach 120,000 in 2014 if the moratorium is extended beyond six months.

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