Thanks to President Obama and the soon-to-be-reimposed drilling moratorium, our loss is becoming West Africa’s gain.
WASHINGTON (Dow Jones)–Executives from oil and gas companies on Monday concluded an hour-long meeting with U.S. Interior Secretary Ken Salazar without securing promises from the government to lift a deepwater-drilling moratorium imposed after a disastrous BP PLC (BP) oil spill…
“Numerous operators told Secretary Salazar that they were in the final stages of moving rigs, deepwater rigs out of the Gulf of Mexico and to West Africa and the Middle East,” according to a person familiar with the matter. “We were frankly disappointed at the lack of serious attention that was paid by the Department of the Interior on the horrible economic impact that the Department of Interior’s policies are having on the industry and on communities along the Gulf Coast.”
How’s that for off-shoring jobs?