landowner

Drilling Ban: The Job Loss Debate

hmmmmm???

 

http://www.chron.com/disp/story.mpl/business/7204820.html

 

"Earlier studies assumed many rigs would leave the Gulf Coast as a result of the moratorium and that virtually all of (their) 9,700 workers would become unemployed," said Rebecca Blank, the Commerce undersecretary for economic affairs. "This did not happen."

The government's latest scenario bucks some of the worst predictions about a mass exodus of drilling rigs and jobs, including the Interior Department's own forecast that the moratorium ultimately could displace 23,000 workers.

 

And this ...

 

Cleanup work

For now, most deep-water drilling rigs and ships have remained in the Gulf of Mexico. According to the study, just five out of 46 that were in the region when the Deepwater Horizon rig exploded have since left.

Blank said there has been no big spike in unemployment in the five Louisiana parishes that support most deep-water drilling work, but that could be partly offset by the surge of cleanup and response work triggered by the spill.

Since President Barack Obama announced the ban on May 27, of the 300,000 unemployment insurance claims filed in Louisiana, Mississippi and Texas, just 820 have been related to the moratorium.

The Commerce Department predicts most lost jobs will eventually return once deep-water drilling resumes.

 

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Oil & Gas ProPermalink Reply by Two Dogs, Pirate on September 28, 2010 at 13:33
of the 300,000 unemployment insurance claims filed in Louisiana, Mississippi and Texas, just 820 have been related to the moratorium.

Those were the lower end jobs. The higher end jobs can't afford to live on unemployment.

landownerPermalink Reply by sesport on September 28, 2010 at 23:33
Two Dogs - Lower end knows how to adjust, higher end has back-up plans. I'm afraid it's the middle that are left going, "What the hay just happened????" 80P

Oil & Gas ProPermalink Reply by The_Baron on September 29, 2010 at 4:09
MAny of the the higher end have been kept on doing maintenance work. Drillers don't want to lose there skilled workers, but if the mortorium goes on, or worse yet if permits don't get issued we will see these workers laid off or relocated.

The rigs aren't just going to sit idle for long, they will go somewhere else.

landownerPermalink Reply by sesport on September 29, 2010 at 11:52
Baron - When I said "higher end," I was thinking of the suits ... desk jockeys. The kind that don't like their imported loafers stained cleaning up their messes. The kind that network & have access to bean counters and financial & legal advisors.

I know some rigs are moving, but also taking the crews. This article does point out that onshore businesses are/were affected as well. Especially, it seems, the "Mom & Pop" businesses. Just not as many as were originally projected, I guess.

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landownerPermalink Reply by essay on October 4, 2010 at 7:35
so mary landrieu got off the fence with some decisive action and didn't even get a whisper of acknowledgment in a featured discussion on GHS? for shame. i guess the damage is "projected" to be bad enough for her to risk pissing off just about every democrat on the internet/MSM, cause they've been screaming at her for over a week about this. boy are they mad. but then again these are some of the same people who think we need more alan graysons.

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