obama comment about moratorium...........

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the oil isn't going anywhere

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He's right, but jobs will disappear

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What a jackass

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You are correct

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Also the leader said BP would pick up the tab for the people who lose their jobs due to this.

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I bet BP will have something to say about this

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BP should pick up the tab because of lost jobs

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The lost jobs are because of a stupid and short-sighted overreaction by the regulatory authority, not because of the oil spill. It is not BP's responsibility.

The moratorium will have very long lasting effects. The oil companies are going to use their drilling ships and rigs. If they can't use them in the U.S. they will move them else where. Once they start drilling new wells outside the U.S. they are not just going to come back because the government says, "OK Moratorium over!". 6 months will turn into several years before drilling activity in the gulf gets back anywhere close to where it is now.

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Yes...it's a fricking overreaction!

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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.

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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.

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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.

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1) Sounds like they are really going to clean up the oil and gas offshore drilling industry before they move forward.

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Translation: the moratorium is going to be far longer than 6 months.

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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.

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I certainly hope that the legal scholar that is Obama realizes that exactly what damages BP is responsible for is a question of LAW and will have to be decided by a court of law. BP is not just going to roll over and say "we'll pay for every hangnail that anyone claims was our fault."

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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.

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Newsflash Barry...BP has a fiduciary responsibility to its shareholders and, I suspect, pursuant to the Articles of Incorporation and operative by-laws, was REQUIRED to pay that dividend.

But, hey...you feel free to keep grandstanding and talking out of your fricking arse.

This may piss some of you off, but I'll post it anyway.

The oil industry apologists on this board either have their head burried in the sand or are responding out of fear and worry about financial impacts. Either way, america and the administration will not allow drilling to move forward untill they are assured it can and WILL be done safely. From what I see that necessitates at the very least a redesign and modification of all existing BOP's. Any shear device that will not shear 100% of it's target is not worth a damn. Knowingly deploying this by the industry is inexcusable. Knowigly allowing this by the MMS is unfathomable..............

Sometimes I wonder if the apologists realize this well is still flowing. Oil is washing onshore from Vermillion Parish to Pensacola Bay AND THE WELL IS STILL frickING FLOWING!!! If I was President my only comment about the moratorium would be to contact me once this well is shut in and when you have reliable BOP's then I would start talking about lifting the moratorium.

This well may flow (I mean spill) for 6 months...or longer.

Also, I am sick and tired of hearring from BP about how hard it is to do things in 5,000' WD. If we absolutely cannot handle a blowout becasue of the water depth, then it raises serious questions about the wisdom of drilling there.

You boys can thank BP, not President Obama. The curent administration was allowing drilling in Alaska and along the eastern seaboard. MMS was stretching the eastern boundary of the "Central GOM" planning area for lease sales. BP could not have fricked this up at a worse time.

I realize we MUST drill there......I think we need to develop better intervention technology.

We also cannot wait for that before we allow drilling to continue, but we need to invest in it.

This is exposing our dirty little secrets.

bluetuna, if your namesake applies. Tuna may be in for a world of hurt for decades as a result of this spill.

I am not an apologist. I am a realist.

If you are planning to wait until it is guaranteed that this will not happen, you may as well start fricking walking everywhere.

What has happened (and is happening) pisses me off too, but I am not letting my emotions force me into dumbassed decisions.