Clifford Krauss’ and John Broder’s report in the August 25th New York Times claims that industry and government projections of job losses due to the Obama administration’s deepwater drilling moratorium are unlikely. They write:

Yet the worst of those forecasts has failed to materialize, as companies wait to see how long the moratorium will last before making critical decisions on spending cuts and layoffs. Unemployment claims related to the oil industry along the Gulf Coast have been in the hundreds, not the thousands, and while oil production from the gulf is down because of the drilling halt, supplies from the

… Continue Reading