There have been numerous reports published over the last few months about the impact of the administration's de facto drilling moratorium on jobs and the economy in the Gulf region. The latest report released yesterday is authored by LSU professor Dr. Joseph Mason who finds that the Gulf region will lose more than 19,500 jobs, $5 billion in economic activity and nearly $240 million in state and local tax revenues during the six-month moratorium.
It's important to note that the 19,536 job loss estimate from Mason's report is 40 to 60 percent higher than the 8,000 to 12,000 jobs lost that the Obama administration estimated earlier this month, reflecting a significant difference between the two studies.
In the report, Dr. Mason is critical of the administration's analysis:
The Inter-Agency... more »