re: #158 Bagua

20,000? You better check those numbers.

Impact on Louisiana alone:
B

ATON ROUGE (June 14, 2010) - The six-month drilling moratorium in the Gulf of Mexico will cripple Louisiana’s economy and leave thousands of families without income, particularly in coastal Louisiana, where one in three jobs is related to the oil and natural gas industry. In Louisiana, oil and gas production can be divided into three industries - oil and gas extraction, refineries and pipelines - which in 2005 supported more than 15 percent of the total household incomes earned in the state.

How much oil comes from the Gulf of Mexico?
Around 33 percent of domestic oil in the United States comes through the Gulf of Mexico;
Eighty percent of the Gulf of Mexico’s oil and 45 percent of its natural gas comes from “deepwater” operations that occur in more than 1,000 feet of water.

How many jobs does the oil and gas industry provide in Louisiana now?
The Louisiana Department of Economic Development estimates that the active drilling suspension alone will result in a loss of 3,000 to 6,000 Louisiana jobs in the first two to three weeks;
The ban could cost Louisianans more than 10,000 jobs within a few months;
The state risks losing more than 20,000 existing and potential new jobs during a 12 to 18 month period, if the federal panel takes longer than six months to do their reviews and write their reports;
Coastal Louisiana, where one in three jobs is related to the oil and gas industry, services around 90 percent of deepwater operations in the Gulf of Mexico;
The Louisiana Department of Natural Resources estimates that an average of two supply boats per rig work every day with rates of $15,000 to $30,000 a boat, which means that suspension of drilling activity will result in a nearly $1 million loss per day in supply boat rental income.

Each drilling rig job supports four other jobs in local communities.