The proposed settlement is heralded by some as a major victory, supposedly securing $100 million for the state to use for coastal restoration. In reality, the proposed settlement, if adopted, would yield nowhere near $100 million and divert much of the money it did raise to unrelated government spending. Two key flaws undermine the settlement’s...View Report
ven as the Obama administration postures on behalf of deficit reduction and job creation, it continues to advance policies that undermine energy production in the Gulf region and lower federal revenue, Sen. David Vitter (R-La.) has pointed out in his correspondence with top officials in Washington D.C.
Up to 20 oil rigs could leave the Gulf of Mexico, in addition to the 11 that have already left, since the Obama Administration imposed a moratorium on deepwater oil and gas drilling in May 2010. Sen. Vitter asks about the impact on small business, and the cost of green lawsuits in letter to feds.
If the Obama Administration actually favored increased production in the Gulf of Mexico, it would be happening Don Briggs, president of the Louisiana Oil and Gas Association (LOGA) told audience members at luncheon held in New Orleans. "Louisiana is the Aorta of America," he said in his talk. But a change in Administration is needed.
Sen. David Vitter has called out top Obama Administration officials for misleading the public and members of Congress on the actual number of offshore oil drilling permits. A recent motion from the Department of Justice includes numbers that tell a much different story than what has been communicated in congressional testimony.