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
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.
While Gulf production was higher in 2010 than any previously recorded year, these levels peaked prior to the BP disaster and have steadily declined ever since the imposition of the moratorium on drilling.