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19,000 jobs and a billion plus in wages lost since drilling moratorium

19,000 jobs and a billion plus in wages lost since drilling moratorium
posted on March 22, 2011 by Bruce McQuain

Meanwhile, President Obama was in Brazil telling the Brazilian people how he just couldn’t wait to help them drill for oil off their shore and, by the way, we’d probably be one of their best customers.At least 13,000 jobs have been lost since last summer’s moratorium on offshore oil production, surpassing projected job losses in a 2010 study by thousands, according to the Louisiana State University professor who authored the study.
Joseph Mason, author of “The Economic Cost of a Moratorium on Offshore Oil and Gas Exploration to the Gulf Region,” estimated that the new regional job losses due to the moratorium on
offshore oil production in the Gulf region is now 13,000 – up from his original estimate of 8,000.
Mason also estimated the national job losses to have increased from
12,000 to 19,000; regional wage losses to be $800 million, up from $500
million; national wage losses to be $1.1 billion, up from $700 million;
lost tax revenues on the state and local level to be $155 million, up
from $100 million; and lost tax revenues on the national level to be
$350 million, up from $200 million.To use one of our president’s favorite words lately, this is simply
“unacceptable”. In fact, it’s simply wrong. The American petroleum
industry could be significantly contributing to the recovery, providing
royalties and taxes to the federal treasury and helping bring gas prices
down with increased production. Instead it faces an intractable foe in
its own government.
Meanwhile, Obama is out and about touting the wondrous opportunity new oil finds
off the coast of Brazil offer that country:
“By some estimates, the oil you recently discovered off the shores of
Brazil could amount to twice the reserves we have in the United
States. We want to work with you. We want to help with technology and
support to develop these oil reserves safely, and when you’re ready to
start selling, we want to be one of your best customers. At a time
when we’ve been reminded how easily instability in other parts of the
world can affect the price of oil, the United States could not be
happier with the potential for a new, stable source of energy.”And in
case you missed the announcement last year, we’re going to
subsidize it with your tax dollars as well:

The U.S. is going to lend billions of dollars to Brazil’s
state-owned oil company, Petrobras, to finance exploration of the huge
offshore discovery in Brazil’s Tupi oil field in the Santos Basin near
Rio de Janeiro. Brazil’s planning minister confirmed that White House
National Security Adviser James Jones met this month with Brazilian
officials to talk about the loan.
The U.S. Export-Import Bank tells us it has issued a “preliminary
commitment” letter to Petrobras in the amount of $2 billion and has
discussed with Brazil the possibility of increasing that amount.Gallup tells us 6 in 10 Americans are in favor of increasing drilling
in the Gulf, and yet permits continue to be almost non-existent. This
intransigence is costing us jobs, tax revenue we badly need and hitting
every American at the pump.
And don’t look for any help from most Congressional Democrats who are complicit in this travesty:

At a press conference Wednesday criticizing Republicans
for not bringing forth a jobs plan, Reps. Debbie Wasserman Schultz
(D-Fla.) and Robert Andrews (D-N.J.) said they would not push the Obama
administration to lift the moratorium on offshore drilling.
When CNSNews.com asked Andrews if he would call on the Obama
administration to lift the moratorium on offshore production, the
congressman said he would not.
“I would not. I would call upon the administration to do what it is
doing right now, which is a careful review of the safety and
appropriateness of permits that are out there, permitting the ones that
are safe to go forward and reviewing the ones that are not fixing.”
He added: “I wonder how many jobs were lost in the tourism industry
and in many other industries in the Gulf Coast because of the
catastrophic oil spill that took place just a while back. And I think
the administration is exactly on the right track to make sure we avoid
such a catastrophe in the future. That people drill when it is safe and
when it’s legally required and we should not rush to speed that up.”So tough nuts to all of you unemployed in the oil patch, the
Democrats just don’t care. Your lives, livelihood and that of your
families simply don’t make the radar screen of their concerns. They’re
still just as focused on jobs now as when they held the majority, aren’t
they?

Bruce McQuain blogs at Questions and Observations (QandO), Blackfive, the Washington Examiner and the Green Room. Follow him on Twitter: @McQandO

http://hotair.com/greenroom/archives/2011/03/22/19000-jobs-and-a-billion-plus-in-wages-lost-since-drilling-moratorium/


Added: Mar-11-2012 Occurred On: Mar-11-2012
By: dfaugust2k
In:
Politics
Tags: oil, gas, obama, democRATs, liars, thieves, communists
Location: United States (load item map)
Views: 5306 | Comments: 57 | Votes: 3 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • Don't need oil, BHO will pour unlimited dollars into alternative energy sources like unicorn snot and rainbow power.

    Posted Mar-11-2012 By 

    (7) | Report

  • Obama is an empty suit and a puppet. He spent the first three years sitting in the upstairs office in the White Hut watching TV and getting sucked off by Reggie Love. Want to see Obama's policies? Just go to the Communist Party USA site.

    Posted Mar-11-2012 By 

    (5) | Report

  • Yep, but Rush calling some liberal plant a slut is much more important

    Posted Mar-11-2012 By 

    (4) | Report

  • Government needs to get out of EVERYBODIES buisness

    Posted Mar-11-2012 By 

    (4) | Report

  • The worst excuse for a president ever.
    If it weren't for the color of his skin, he'd have been tried for treason and shot by now.

    Posted Mar-11-2012 By 

    (4) | Report

  • My bet, gas prices reaching $5 average in the US by July.

    Posted Mar-11-2012 By 

    (3) | Report

  • hey buddy...running low on green slime, gimme a ride?

    Posted Mar-11-2012 By 

    (2) | Report

  • How dare you question Mahdi O-messiah.

    Posted Mar-11-2012 By 

    (2) | Report

  • Obama is the worst, hates this country and its people, makes us and our children and grandchildren suffer for his stupid liberal utopian dream, truly a nightmare that we cant wake up from! Our cities, like Stockton, Ca our now full of criminal fatherless gang bangers born of 10 kid having welfare moms created by those like ted kennedy, looser dropouts that just live to leach off and victimize the hard working true Americans that built this country!
    Fuck Obastard and the rest of the looser lovin More..

    Posted Mar-12-2012 By 

    (1) | Report

  • NEGATIVE!!!!!
    All the Main Stream Media outlets have been reporting for the last several days that employment is up the recession is over and we are in a recovery.
    They are giving all credit to Obama.
    soooooooo.
    Lets all start signin Happy days are here again.

    Posted Mar-11-2012 By 

    (1) | Report

  • Yes, I'm sure Brazil is much better at offshore drilling then America. Lets get the third world nation to do it. They have to be better at it then America.

    Posted Mar-11-2012 By 

    (0) | Report

  • HOPE N CHANGE!!! ARE YOU LIKING IT YET

    Posted Mar-12-2012 By 

    (0) | Report

  • JUST A THOUGHT. IF WE ALL DROVE ELECTRIC CARS INSTEAD OF GAS, OUR ELECTRIC BILL FROM CHARGING THE BATTERIES WOULD GO THROUGH THE ROOF. WHAT KIND OF FUEL DO 70-80% OF THE POWERPLANTS IN THE US USE?

    Posted Mar-12-2012 By 

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  • Just for the record, offshore drilling is estimated to produce about 1.9% of the oil used annually by the US. Talking about the loss of jobs is one thing, thinking an offshore moratorium is going to raise gas prices is just ridiculous. You should do a little research into what causes gas price hikes and not just blame some of the stupid shit Obama does.

    Posted Mar-11-2012 By 

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    • @PyneOil Pulled those figures out your ass?

      http://www.boemre.gov/offshore/

      Posted Mar-11-2012 By 

      (3) | Report

    • @flashj2 -Oh really? And I'm sure we can just scoop all of that oil out of the seabed in an instant huh? Do you have any idea how long it will take to actually acquire that oil? Plus your states are based on offshore oil fields that are thought to exist (estimates), not ones that have already been discovered.

      http://www.fas.org/sgp/crs/misc/R40872.pdf

      Posted Mar-11-2012 By 

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    • @PyneOil

      In all fairness, offshore drilling was only part of it. They want to do other types of drilling too. Lets not forget the pipeline that Obama put a stop to.

      Posted Mar-11-2012 By 

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    • @PyneOil Fail again, it's not 1.9%. Did you even bother to read the link and the the PDF's there? Nope, you didn't. You also didn't read that report you linked me.. It's proven reserves, technically recoverable and other such BS, not production off shore percentage, only whole..Pfft Not to mention it was a policy report, LMAO!! Look at who did the report, the dates of the graphs and data, some going back over TEN years.. Seriouly, you're a riot.

      Posted Mar-11-2012 By 

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    • @flashj2 -Don't be a douche bag, prove that you are intelligent enough to have a civilized conversation. The link I sent you (yes of course I read it) had to do with the PROVEN oil deposits as opposed to predicted ones. Predicting that there is over 480 billion barrels of oil is incorrect considering 70 percent of that prediction is based on undiscovered oil deposited.

      My point with this whole conversation has to do with the cost of gas prices and how offshore drilling will have no effect on t More..

      Posted Mar-11-2012 By 

      (1) | Report

  • In April 2011, we imported an average of 11.4 million barrels of foreign oil a day—more than half of our total consumption. Our top foreign suppliers in 2010:
    Avg. barrels per day
    Canada 2.53 million (21.5%)
    Mexico 1.36 million (11.6%)
    Saudi Arabia 1.09 million (9.3%)
    Nigeria 1.02 million (8.7%)
    Venezuela .99 million (8.3%)

    While 31 states produce crude oil, about half comes from just five states: Texas,
    Alaska, California, North Dakota and Louisiana. In April, Alaska produced More..

    Posted Mar-11-2012 By 

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    • @ArrestU I've been hearing Peak oil for over 30 years. Thing is, they always move it up another 20 years. In 2030, they'll say by 2050..LOL Peak oil is a myth. We have enough oil around the world for hundreds of years at our current consumption. Coal for thousands, natural gas hundreds more..

      Posted Mar-11-2012 By 

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    • @flashj2

      It is hard to tell truth from spin these days.

      Some day, far into the future they will start using oils manufactured from vegetable and plant materials. They will have to use synthetics as well. It is inevitable. We will NEVER be free from oil.

      Posted Mar-11-2012 By 

      (1) | Report

  • Comment of user 'Blue3tar' has been deleted by author (after account deletion)!
  • Comment of user 'Zardoz003' has been deleted by author (after account deletion)!
    • Comment of user 'PimeTaradox' has been deleted by author (after account deletion)!
    • @PimeTaradox That "will just be exported" is just a Libcommie lie. Fuel is traded on the world market and more supply anywhere means lower prices. idiot.

      Posted Mar-11-2012 By 

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    • @Zardoz003 Oil companies are going to make profits regardless. You against profits? I guess it's Ok for Brazil to reap the benefits of jobs and billions? Yep, Petrobas is so much better, it's government owned....Obama just loves off shore drilling, just not when it benefits us or companies here that will provide jobs? You also fail to realize the government is losing billions of revenue by shipping our drill rigs and JOBS to Brazil..

      Posted Mar-11-2012 By 

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    • @onepercent LOL, yep. Restriction of production is exactly why the prices are high now. Even with lower demand here in the US.

      Posted Mar-11-2012 By 

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    • @flashj2

      And production is low because of lack of refinery construction. The environmental impact studies would drag on for 10+ years before a refinery is built in North America.

      Posted Mar-11-2012 By 

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  • Drilling for oil in a speculation market does not lower gas prices. Basics of supply and demand.

    Posted Mar-12-2012 By 

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    • @neutral_person ~BULLSHIT, all the GWB administration did was SPEAK ABOUT an increase of domestic drilling and oil prices took a sharp decline THE SAME DAMN DAY.

      Posted Mar-12-2012 By 

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    • @dfaugust2k Yeah cause its speculation. Then the next day it jumped back up again. Best way to keep oil prices down are to decrease demand.

      The only people bitching at the pump are the idiots who drive around hummers like Allen West.80 dollars at the pump? Get a Hybrid.

      Posted Mar-13-2012 By 

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    • @neutral_person ~BULLSHIT, BULLSHIT, BULLSHIT. The Best way to keep oil prices down is to FLOOD THE MARKET, dope.

      Posted Mar-13-2012 By 

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    • @dfaugust2k Flood the Market egh? You going to do massive pumping? Where? Cause im pretty sure the states with oil underground are not going to allow you to mine in their backyards.

      Also the US does not have enough oil reserves to satisfy the nation per year. This means some of our oil will have to come from OPAC nations. Guess what. Price fixing.

      Posted Mar-14-2012 By 

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    • @neutral_person ~"neutral person", huh? BS. You're just towing the line for obunghole, every opinion you have seems to be taken off the DNC websites. Shill any?

      Posted Mar-14-2012 By 

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  • ~Even if you choose to believe the LIES of hussian obunghole and his cohorts that drilling more won't make a difference ( -what a steaming load of shite!), look at all the "shovel-ready jobs" the traitorous sack of shit has just killed.

    Posted Mar-12-2012 By 

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  • energy is free ancient people been discovered how to harness it, why you think tesla went to egypt.

    these oil companies are playing people for fools.

    Posted Mar-12-2012 By 

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  • FAKE Fire all oil people there all crooks

    Posted Mar-11-2012 By 

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