On May 27, President Obama instituted a six-month moratorium on all drilling in water depths greater than 500 feet and stopped work on 33 Gulf deepwater exploration rigs, except under special circumstances. The president’s decision will force tens of thousands of Gulf Coast employees to lose their jobs.
EnergyTomorrow Blog posted this information on the disastrous moratorium:
Several organizations have offered estimates of the drilling moratorium’s impact on consumers, the U.S. oil and natural industry, and the nation’s energy security:
Last week it was reported that the Obama Administration misrepresented a study to push for their oil drilling moratorium. Of course, the state-run media has so far completely ignored this White House scandal.
Tonight Barack Obama will ask BP to set up an independently managed fund to cover economic and ecological damage claims.
Mr. Obama will use his first Oval Office address to outline plans to streamline the BP claims process, a source of aggravation for many people affected by the spill. The administration wants BP to establish an independently managed fund to cover economic and ecological damage claims.
White House Spokesman Robert Gibbs told CBS News’ “The Early Show” this morning Mr. Obama will discuss a strategy to “take the claims process away from BP” if the oil company does not establish “an independent entity.” Gibbs said the president “possesses the legal authority” to do that.
Legal observers say while that authority may be open to debate, the White House clearly has the political power to force BP’s hand. It was unclear whether the administration would allow BP to choose a third party administrator to oversee the fund but a private legal source told CBS News the company has already interviewed some potential choices for the position.
So, the question is…
Will Obama force BP to pay the salaries of the unemployed oil workers who are out of work due to the president’s reckless decision?
If he does, BP should refuse. It’s not their fault the oil workers are sitting at home and that oil rigs are being transferred to Brazil.
Related… Governor Bobby Jindal called for an end to Obama’s moratorium yesterday.