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

*

Recent Drilling News

  • 14 June 2013

    UK HSE report: Reportable hydrocarbon releases nearly halved over three years

    The UK oil and gas industry has achieved a 48% reduction in the number of reportable hydrocarbon releases over three years, the...

  • 12 June 2013

    Atwood Oceanics secures contract for Atwood Achiever ultra-deepwater drillship

    Atwood Oceanics has been awarded a drilling services contract for the ultra-deepwater drillship Atwood Achiever by a subsidiary...

  • 10 June 2013

    Ensco orders its eighth Samsung DP3 ultra-deepwater drillship

    Ensco has ordered an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-10, will be the eighth...

  • 07 June 2013

    Unconventionals lead the way for drilling automation, but business model defines uptake

    Industry’s ongoing efforts to bring automation to the drilling sector will progress over time as a “natural alignment”...

  • 05 June 2013

    Exclusive video: Compact top drive, casing drive system built for mobility

    Julio Quintana, president and CEO for Tesco, speaks with Drilling Contractor associate editor Katherine Scott...

  • Read more news