More than 15 months after the Obama administration lifted its ban on offshore drilling in the Gulf of Mexico, oil and gas supply and service companies report they are suffering significant financial hardships from the government’s actions. The moratorium — as well as the slow pace of permitting that followed — have suffocated businesses, costing jeopardizing millions in business revenue and even forcing some to close their doors, according to a survey conducted by Greater New Orleans Inc. Louisiana, home to 88 percent of the country’s offshore rigs, has absorbed … More
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According to information obtained by a liberal environmentalist group, the White House deliberately misled the public about the amount of oil leaking into the Gulf of Mexico after the Deepwater Horizon disaster in April 2010. The month after the spill, the administration announced that about 25,000 barrels per day of oil was being leaked into the Gulf. That estimate turned out to be wildly off the mark. About 53,000 bpd were being spilled. According to emails obtained by the group Public Employees for Environmental Responsibility, the administration falsely reported the … More
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Americans hitting the road this week are likely to encounter the highest-ever price for gas at Christmas in history. According to figures from AAA, the nationwide average for regular unleaded is $3.21 per gallon — an increase of 23 cents over last year’s Christmas record. This marks the second straight year Americans are paying more at the pump during the holidays. The price in 2009 was around $2.60 per gallon and jumped to about $3 per gallon at Christmas last year. These higher prices aren’t grabbing headlines as they once … More
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Few people have been more vocal about the challenges facing offshore drilling in the Gulf of Mexico than Sen. David Vitter. As a Republican from Louisiana, Vitter has firsthand knowledge of the Obama administration’s slow pace of permitting since last year’s oil spill. Louisiana has yet to fully recover from the drilling moratorium and the subsequent delays stemming from Washington. This week marked the first offshore lease sale in nearly two years — a sign of progress. However, bureaucrats are still taking 115 days to approve plans, nearly twice as … More
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A new report from a New Orleans-based group reveals that the Obama administration is approving just 35 percent of the oil drilling plans for the Gulf of Mexico so far this year. It is also taking an average of 115 days — nearly four months — to secure approval from the Bureau of Ocean Energy Management, Regulation and Enforcement. Those numbers contrast sharply from previous years. This historical average is a 73.4% approval rate. The approval time has nearly doubled; the historical average is 61 days for the government to approve … More
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