Louisiana Loses Jobs Under Obama

Discussion in 'Economy' started by USArmyRetired, Sep 16, 2010.

  1. USArmyRetired
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    USArmyRetired BANNED

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    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.
     
    Last edited: Sep 16, 2010
  2. WillowTree
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    WillowTree Diamond Member

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    All the good people in La. need to get out the vote. Vote the asswipe out of office.
     
  3. USArmyRetired
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    USArmyRetired BANNED

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    Oh most definately we will. We want Palin as President, She will restore the jobs lost under Obama. She understands what it takes to lead and she is passionate about being a true red blooded American.
     
  4. NYcarbineer
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    NYcarbineer Diamond Member

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    How will that work? since the president isn't up for re-election and since Obese-iana is only one state out of 50...
     
  5. LordBrownTrout
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    LordBrownTrout Gold Member

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    It is bad over there. I have four friends in La. who lost their jobs in the oil industry a couple of months ago.
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    This is just Phase I of Obama's plan for the O&G industry.

    Phase II:

    Analysis: Repealing Energy Tax Cuts to Cost Jobs, Economic Output

    The Obama administration's decision to repeal tax deductions and dual-capacity tax credits for oil and gas producers would result in an initial loss of over 154,000 jobs by the end of 2011, not only in the energy sector but across the whole economy, according to Louisiana State University Endowed Chair of Banking and nationally-renowned economic Dr. Joseph R. Mason.
     
  7. loosecannon
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    loosecannon Senior Member

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    Too bad LA doesn't earn the revenues that AK does for oil concessions.

    Ever research that?

    You could go ask Palin, when she's ten feet tall.


     
  8. Samson
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    Samson Póg Mo Thóin Supporting Member

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    WTF.

    Aren't there a few FEMA trailors still down there?

    Hell, Louisianans don't need to work.
     
    Last edited: Sep 16, 2010

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