Energy & Environment

Dazed and Confused: How the Drilling Moratorium Exacerbates Louisiana’s Economic Challenges

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Louisianians have a special appreciation for Ronald Reagan’s statement that “the ten most dangerous words in the English language are ‘Hi, I’m from the government, and I’m here to help.'” And as the damage from the catastrophic BP oil spill continues to wreak economic and environmental havoc on our state, it seems that Washington is poised to further exacerbate Louisiana’s economic problems.

Click here to read Dazed and Confused: How the Drilling Moratorium Exacerbates Louisiana’s Economic Challenges.

  • Jane Van Ryan

    This is a very thoughtful commentary – and it’s true that the moratorium could cause more hardship for people along the Gulf Coast.

    Offshore energy production needs to be safe and as environmentally sensitive as possible, but independent analyses say the six-month moratorium could result in a production loss of between 80,000 and 130,000 barrels per day and idle nearly 50,000 workers.

    Jane Van Ryan
    American Petroleum Institute | blog.energytomorrow.org