The Hill News

According to a recent analysis, there are more than 1,000 oil rigs and drilling structures sitting idle in the Gulf of Mexico. These structures have not been affected by the recently announced drilling moratorium -- rather, they were abandoned by their owners, sometimes many years ago, and allowed to decay or collapse into the ocean. These structures, commonly referred to as "idle iron," now provide us with a unique chance to create jobs and open up future economic opportunities throughout the Gulf region.

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