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

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Carol E. Lee, covering President Barack Obama’s trip to New Orleans to commemorate Hurricane Katrina, reported for the August 29th Politico:

Diners literally embraced the president, who apologized to a handful of people for cutting in line to order a shrimp po’ boy and gumbo.
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The Katrina anniversary presented Obama with an opportunity to accentuate his positive accomplishments and involvement in the region, particularly compared with his predecessor, George W. Bush. And the president didn’t hesitate.

Obama waded heavily into the details of his administration’s efforts in post-Katrina New Orleans. Long passages of his read inexplicitly like a juxtaposition of his actions

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Jeannine Aversa of The Associated Press wrote a June 29th article detailing some of the economic damage from the Deepwater Horizon spill including:

Wells Fargo economist Mark Vitner estimates that up to 250,000 Gulf jobs in fishing, tourism and energy will be lost in the second half of the year.

But what Aversa fails to report is that almost half of this jobless is the direct result of President Barack Obama’s oil drilling moratorium. The American Petroleum Institute forecasts that if the drilling ban continues, more than 120,000 jobs could be lost in the Gulf Coast and key … Continue Reading