This is terrible news for the good ole folks in Louisiana who work in the oil patch, Obama says 12,000 jobs isn't many but losing one job because of a needless moratorium on drilling is to much. His moratorium is hurting many businesses not affiliated with drilling. People are being effected and their pocket books are being hit hard. Obama should listen to Sarah Palin when it comes to things like this. She has ample executive experience to deal with a crisis like what we are experiencing. She is courageous and she shows patriotism and she is passionate about the oilfield. Obama on the other hand is letting the people of Louisiana suffer. Drilling moratorium hasn't cost many jobs, Obama administration report says | NOLA.com President Barack Obama's moratorium on deepwater drilling is costing no more than 8,000 to 12,000 jobs because offshore rig operators have retained skilled workers during the suspension, according to an administration report. During the moratorium, which began May 28, the average number of rig workers fell by about 2,000 and spending by drillers is declining by $1.8 billion, according to the report to be released Thursday. The additional job losses were from companies that service drilling rigs and other businesses along the Gulf Coast. The administration's number is far smaller than some earlier estimates, such as a prediction by Baton Rouge's Louisiana Mid-Continent Oil and Gas Association that the moratorium may put as many as 46,000 rig workers out of work. An earlier estimate from the administration that the moratorium would lead to 23,247 lost jobs assumed that all workers on deep- water rigs would be laid off during the suspension.