Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!


Contact
Ace:
aceofspadeshq at gee mail.com
Buck:
buck.throckmorton at protonmail.com
CBD:
cbd at cutjibnewsletter.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com


Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups






















« Second Look At Islam? | Main | Uh-Oh: Michael Bellesiles At It Again? »
July 11, 2010

First Rig Sets Sail from the Gulf

President Obama's Gulf drilling moratorium has driven away its first oil rig.

And the Ocean Endeavor's exodus probably won't be the last, according to oil industry officials and Gulf Coast leaders who warn that other companies eager to find work for the now-idled rigs are considering moving them outside the U.S.

Devon Energy Corp. had been leasing the Endeavor to drill in the same region of the Gulf as BP's leaking Macondo well, which has been gushing crude since a lethal blowout April 20.

But Diamond announced Friday it will lease the rig through June 30, 2011, to Cairo-based Burullus Gas Co., which plans to send the Endeavor to Egyptian waters immediately.

Larry Dickerson, CEO of Houston-based Diamond, signaled that other of his company's rigs could be relocated, too.

The Gulf economy won big when the district court knocked down Obama's drilling ban as "arbitrary and capricious" and won again at the Fifth Circuit, which refused to keep the ban in effect during the appeal. Unfortunately, the Obama Administration keeps signaling that it won't allow drilling no matter what the courts say. On the day the Fifth Circuit ruled against, the Administration announced that if any company attempted to resume drilling it would reissue its drilling moratorium, forcing the issue back to the courts again.

That is the very definition of "arbitrary and capricious" government action, but the uncertainty it creates is more than enough to depress economic activity in the Gulf.

"There are two types of rigs in the deep-water Gulf today: those that are leaving the country and those that want to, because with this moratorium hanging over their heads, they simply can't go back to work," Brady said. "I'm afraid this is the first of many rigs and many American jobs to leave the Gulf."

Yup.


digg this
posted by Gabriel Malor at 11:07 AM

| Access Comments




Recent Comments
JackStraw: "If Trump was a real president he would volunteer H ..."

Braenyard - some Absent Friends are more equal than others _ : " 513 And why do I have to listen to Metallica on M ..."

Cheri: "581 - just his part. The rest had to be better. ..."

Miklos McMiklos, of the Auld and Ancient Clan McMiklos: "Raising a glass to morons present and departed, pl ..."

Jane D'oh: "Come on, Trump. An eager nation waits to see what ..."

nurse ratched, garbage: "Didn't one of MLK's daughters endorse Trump? ..."

Martini Farmer: "The majority of federal employees spend their time ..."

Diogenes: "Damn...was it that bad? Posted by: eleven at Janu ..."

Pug Mahon, Day 7 of Funemployment: "I pretty much stopped watching the inaugural stuff ..."

bluebell: "Sheesh. More blathering. ..."

Alberta Oil Peon: "I haven't been there, but there is a place in Flat ..."

Axeman: "Liberty Ball is best. Posted by: Boss Moss at Jan ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64