A Threat to Jobs in the Gulf: The Drilling Moratorium
Even though the BP well is planned to be fully plugged sometime on Sunday, disputes over employment loss are just heating up.
Beyond the debate amongst major companies like BP and Transocean over who caused the worst oil spill in history, disputes are brewing over employment lost due to the Moratorium put on deep-water drilling in the Gulf of Mexico by the Obama Administration.
A report released Thursday by the Obama Administration states that, although predictions showed between 8,000 and 12,000 jobs lost due to the moratorium, the current evidence shows little, if any, job loss in the region.… Continue reading
BP Blowout Preventer Recovered for Investigation
BP’s defective blowout preventer (BOP) was lifted by crane to the surface over the weekend, but the real work has only just begun.
The blowout preventer will be transferred to a NASA facility in Louisiana where it will be dissected and investigated for reasons behind its failure that lead to the worst oil spill in world history.
The device weighs approximately 300 tons, stands about 50 feet high, and took just under 30 hours to lift to the surface.
Deconstructing the blowout preventer will be a hefty task and the investigation could take up to three months. Although corporations, business owners,… Continue reading
