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U.S. Officials Saw Drilling Ban Costing Jobs: Report

• Reuters
Senior U.S. officials expected the deepwater drilling ban to cost about 23,000 jobs and hold up $10.2 billion in investments, The Wall Street Journal reported on Friday, citing federal documents.

The Obama administration issued the initial moratorium in late May after the huge BP Plc oil spill in the Gulf of Mexico. The ban spurred opposition from oil companies and local lawmakers who said it would exact a heavy toll in jobs and hurt crude production in coming years.


1 Comments in Response to

Comment by Ned Delaney
Entered on:

Makes one wonder what kinds of jobs the government is really concerned about saving, considering the number of domestic 'jobs' that have been sent abroad while executives lounge in there plush offices back in the US.

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