Obama’s Drilling Moratorium Affecting More Than 33 Wells

very informative, along with some opinion

Unfortunately, the myth that shallow-water drilling isn’t being affected by the deepwater moratorium is rapidly being exposed as a cruel hoax. Not a single federal permit for shallow-water activity has been granted since the April 20 disaster. Some 16 shallow-water rigs that were all engaged before the incident are now sitting idle. In 30 days, that total will grow to 34 rigs. Approximately 50 offshore marine service and supply vessels are already out of work and that number will expand to over a hundred very soon. Louisiana’s shipbuilding industry—a critical player in our state’s economy—is bracing for a potentially devastating drop in new business orders and the likely cancellation of some existing contracts.

nationalreview.com