The Criminal Moratorium

You may have seen or heard news reports regarding the Rally for Economic Survival event that was held in LaFayette, LA last Wednesday at that city's Cajun Dome basketball arena.  Fully 12,000 mostly ticked-off Louisianans – including Governor Bobby Jindal, Lt. Governor Scott Angele, and other elected officials - were in attendance to protest the ongoing efforts by our fascist President, Barack Obama, and his evil minions at the Department of Interior (DOI) to destroy the oil and gas industry in the Gulf of Mexico.

I felt fortunate to be there.  It was a wonderful, compelling and emotional event.  Too bad no one at the White House or at DOI was listening.

The imposition by Dear Leader Obama of a six month moratorium on drilling in the deep waters of the Gulf of Mexico on the pretense of allowing DOI to review safety processes in that arena in the wake of the BP disaster seems innocuous enough to the average man on the street who doesn't understand how the oil and gas industry works.  But to anyone who does have an understanding of the industry, and who has been paying attention to the collateral actions the Obama Regime has taken in the context of this moratorium, it is a de facto permanent shutdown of the enormously productive and historically safe deep water region, and a massive scaling back of oil and gas exploration activities in the shallower waters along the Outer Continental Shelf.

Here's why:  the daily rig rate – the rate just to reserve the rig for usage by a given operator – of these deep water drilling rigs and ships can run to $150,000 per day and even more.  Anyone who thinks the owners of these rigs are going to allow them to sit idle for 180 days and longer is living in a fantasy world.  Two such rigs have already been removed, one to Egypt and the other to the Congo.  The operator who is moving its rig to the Congo announced the decision was made to move the rig to a nation that had a more stable political climate than the United States of America.

Think about that for a second:  It is the judgment of the executives of that company, in making a decision that runs into the tens of millions of dollars, that the Congo has a more stable political climate than the USA.  Is that the kind of "hope" and "change" those of you who voted for Mr. Obama had in mind?

Once these rigs leave, they are not coming back for a long, long time, if ever.  They will be locked up into multi-year deals by other operators in other parts of the world – that is the reality.  The President and his minions fully understand this, and they do not care.  They are focused on placating the radical anti-development groups that fund their political campaigns to the exclusion of all other considerations.

A memo written by Interior Secretary Salazar and leaked to the media last week clearly showed that the Administration understands the true impacts of this action, and that, as Salazar stated, issues like loss of jobs and devastation of the Gulf Coast economy do not matter to this bunch of thugs.  They do not matter.  The memo further demonstrates the Administration's intent to prolong this moratorium long past their stated six month time frame, and to slow-play issuing any new permits in the shallow water as well.

To understand the impact of all of this to South Louisiana, all one needs to know is that roughly 80% of all operations in the deep water of the Gulf of Mexico are staged out of Port Fourchon at the very southern tip of the State.  A large portion of shallow water operations are also staged out of this port.  The men and women who work at that port and on those rigs are by and large Louisiana citizens, although a high number of Texas and Mississippi jobs are at stake as well.  In all, tens of thousands of direct, well-paying, secure jobs are threatened by the callous indifference of the Obama Regime.

Then you have all the indirect jobs created by all of this economic activity:  the cafes, hotels, motels, clothing stores, filling stations, movie theatres, fitness shops, furniture stores and every other kind of small business you can imagine that depend enormously on the health of two industries impacted by recent events:  the fishing industry that has been decimated by the BP disaster, and the Gulf of Mexico oil and gas industry that the Obama Regime is attempting to destroy.

We should all be concerned about the tragic effect the BP disaster has had on the Gulf Coast region.  But you won't bring back the Louisiana fishing industry by destroying the Gulf of Mexico oil and gas industry, and the thousands upon thousands of jobs that are dependent on it.

In a sane society, the people responsible for this moratorium would be brought up on criminal charges.  But in the liberal zoo, they just go on about destroying people's lives with impunity.