July 12, 2011
Heritage Action for America posted the following today:
- 33: the percent that capital spending dropped on account of the deepwater moratorium
- 60,000: number of jobs lost due to the moratorium
- 190,000: number of jobs that could be created by 2013 if the Gulf is open to drilling
- 140: the percent that capital expenditures could increase by if the Gulf is open to drilling
- 70: the percent increase that the offshore oil and gas industry would spend
- 45 billion: total dollars of GDP contribution that would come from a return to drilling
- 6: the number of months President Obama held a moratorium on offshore drilling
- 9: the number of months since the moratorium was lifted, without a return to drilling
- 33: the number of shallow-water permits for new wells issued since 6/8/2010
- 5: the number of permits issued for deepwater wells that were in the process before moratorium
- 1: the number of new deepwater wells issued since 10/12/2010
And let me add one more.
- 0: what’s left of my patience.
Jim Adams
President and CEO, Offshore Marine Service Association