In a Houston Chronicle Op-Ed this week, former Interior Secretary Gale Norton spoke out against the deepwater drilling moratorium and other forces that could impede or altogether halt offshore drilling. Secretary Norton calls the moratorium an "overreaction" saying:
"Failure to consider the full effect of proposed laws and moratoria, as well as the operation of existing laws, could jeopardize thousands of jobs and further damage the Gulf Coast economy."
The moratorium's impact is being felt throughout the Gulf region. According to research firm Dun & Bradstreet, the moratorium could affect 16,580 businesses that account for tens of thousands of U.S. jobs in five Gulf states.
Secretary Norton writes that two Gulf rigs have packed up and moved to foreign waters, taking jobs and government... more »
© Copyright 2012 API. All Rights Reserved. To learn more about API,
Comments