CATEGORIZED | News

Sen. Vitter voices astonishment over disregard for moratorium’s economic effects

Posted on 23 September 2010

US Sen. David Vitter expressed his astonishment at the Obama administration’s handling of the moratorium at a US Senate Small Business Committee hearing on 15 September. Specifically, Sen. Vitter was frustrated at an administration official’s admission that no economic analysis of the moratorium’s effects was conducted prior to the issuance of the moratorium.

“I’m astounded that the Obama administration conducted no economic analysis before making the decision to issue the moratorium. This reckless disregard for the economic well-being of the Gulf region is frankly inexcusable,” he said.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 26 February 2015

    JDC inaugurates Hakuryu 12 jackup, looks to growth in Middle East, Myanmar and Russia

    The Japanese word “hakuryu” means “white dragon.” In Asia, dragons are strongly associated with oceans. They also represent power and blessings...

  • 16 February 2015

    Steven Newman steps down as Transocean President, CEO

    Transocean announced that Steven Newman and the Board of Directors have mutually agreed that he will step down as President and CEO, effective 16 February 2015...

  • 11 February 2015

    Video: WADI program arms young talent with skills to succeed in drilling industry

    As the drilling industry’s aging workforce continues to retire, a new generation of employees is needed to fill vital roles. To address this challenge, IADC’s Workforce...

  • 11 February 2015

    Scandrill’s Scan Vision rig designed with safety, efficiency in mind

    After 22 weeks of construction and a $20 million investment, Scandrill christened the Scan Vision rig on 27 January at the company’s Tyler, Texas, facility...

  • 11 February 2015

    Video: Proper fitness-for-duty evaluations can reduce medical evacuations

    Effective fitness-for-duty evaluations can help reduce the number of medical evacuations from drilling rigs, as a large portion of those evacuations are due to illness...

  • Read more news