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re: obama comment about moratorium...........
Posted on 6/4/10 at 3:58 pm to udtiger
Posted on 6/4/10 at 3:58 pm to udtiger
quote:
Yes...it's a fricking overreaction!
As a Louisianian, I agree, we can't afford to lose the revenue now. As an American, given that this spill will effect states beyond our own, many of which don't drill overshore, I think being safe is the right call.
I think it is good that we raise hell as Louisianians. But it shouldn't be surprising that our desires in this specific area don't win out as the oil threatens the rest of the country as well.
2
Posted on 6/4/10 at 4:04 pm to Tigercat
From listening to Obama's comments today,
1) Sounds like they are really going to clean up the oil and gas offshore drilling industry before they move forward.
2) It sounds like they are starting to "get it" and are gonna hold BP's feet to the fire on paying for all of the damage they caused.
I especially liked his comments on BP paying out 10.5 Billion in dividends to its shareholders for this QUARTER and 500 million on image advertising but still stonewalling and nickel and diming the people making claims for damage. I hope he holds their feet to the fire.
Posted on 6/4/10 at 4:06 pm to Tigercat
quote:
As an American, given that this spill will effect states beyond our own, many of which don't drill overshore, I think being safe is the right call.
As an American, there is much more immediate and long term consequences for this moratorium than the potential environmental impacts. The spike in the price of oil (and gas) was essentially the straw that broke the camel's back for the economy in 2007. We have a very tepid "recovery" (if you can even call it that) that could be derailed by a similar circumstance, which is much more likely when you shut down exploration (which, as has been noted elsewhere, will be far longer than 6 months as companies move rigs and personnel out of the GOM).
Remember, there is only ONE leaking well in the GOM. Shutting down the GOM is not going to do a damned thing to stop the CURRENT leak. It will not result in a single re-directed asset to the cap/recovery effort.
America stands to lose just as Louisiana does.
This post was edited on 6/4/10 at 4:17 pm
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