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
Contrary to rosy assessments from high profile publications and the Obama Administration, the owner of Laborde Marine reveals the uncounted devastation from the shut-down of rig operations in the Gulf of Mexico.
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.