Wednesday, 27 October 2010 14:53
Report: DeFacto Gulf Oil Moratorium Cited Despite Obama Adm. Lifting
Written by  {ga=staffwriters}

NEW ORLEANS -- Today, GNO, Inc. and several partnering organizations released the first Gulf Permit Index (GPI) data to the public. When President Barack Obama's administration announced that it would lift the Deep Water Drilling Moratorium on Tuesday, October 12, the Business Council of Greater New Orleans and the River Region, and GNO, Inc. issued the following statement:


"We will be tracking and reporting on shallow- and deep-water permit issuance. Bi-weekly, we will issue a report that will compare the number of permits issued, versus historical rates. If there are delays, we will investigate and report those findings, as well."

The first installment of the bi-weekly GPI shows a drop in the rate of new well permits being issued by the Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE).

Despite not being affected by the federal moratorium, shallow-water permit issuance is still lagging behind historical averages. Compared to the twelve months prior to the Deepwater Horizon Oil Spill, BOEMRE is issuing 3.8 fewer permits per month since August, representing a 53% decrease.

Due to the federal moratorium, no deep-water permits have been issued since May 2010. With no deep-water drilling activity since the moratorium was enacted, the deficit is 5.8 permits per month, representing a 100% decrease in drilling activity.

"The concern is that we still have a de facto moratorium," said Michael Hecht, President and CEO of GNO, Inc. "Up to 30,000 jobs will be at risk in Louisiana if permits are not issued at a reasonable rate."

Charts tracking approved new permits for deep- and shallow-water drilling are below. Raw data on number of permits issued each month is taken from the BOEMRE website. Research and analysis was performed by GNO, Inc. staff members.

GNO, Inc. will continue to monitor the number of drilling permits being issued by BOEMRE. The organization will report on its findings every two weeks with updated GPI reports.

###

About Greater New Orleans, Inc.

The GNO, Inc. Mission is to serve as the catalyst for wealth creation in the Greater New Orleans region. GNO, Inc. will accomplish this by pursuing an aggressive agenda of business development - marketing the region - and product development - improving regional business conditions through policy, workforce and research initiatives.

The GNO, Inc. Vision is for the Greater New Orleans region to fulfill its potential as one of the best places in the country to grow a company, and raise a family. The ultimate indication of success for GNO, Inc. will be the presence of a robust and growing middle class in southeastern Louisiana.

More information can be found at www.gnoinc.org.

(GNO Inc Press Release)

Login to post comments
Powered By JFBConnect
  • Cat Fights on the Hot Cement Confederate New Orleans statues
  • Ex-Saints, Bears, Bills, NFL Exec, Jim W. Miller discusses NFL Draft tomorrow
  • Trump's new plan; Curtains on tax returns release; 40% say Trump-Russia; Probing Obama admin
  • Watch Louisiana Governor Edwards talk about CAT Tax failure

catRarely, have I seen few issues that have generated as much raw heat, tension, and passion than the Confederate monuments controversy. 

Just as existed during the real civil war, where brothers battled brothers, social media is the battleground, particularly Facebook, pitting friend against friend.

On one side of the tense divide, there are those who are protecting the New Orleans civil war era monuments.  Burnt in effigy, forever, is the symbol of Mayor Mitch Landrieu for up-ending what the monument protectors consider to be the loving civil society of New Orleans.

Lately, events have turned somewhat militaristic.

Some protectors of the Confederate monuments have been staying vigilant, in person and online, even surveilling during the wee hours of the morning, waiting for the next Mayor Landrieu attack. On Sunday morning, with protections of snipers, masked workers and a dumbstruck audience, the worst of all of the monuments was cut and carried., the Liberty Monument. 

Read More

miller nfl live2 5It’s D-Day or Draft Day tomorrow in the NFL.

More specifically, Thursday represents the first day of the NFL draft 2017.

Read More

 

trump curtainsThe major President Trump news of the day focuses upon taxes, not only the tax cuts he is proposing but his own taxes, which he obviously, refuses to unveil.

 

Read More

edwards play money 1

At a press conference today, Louisiana Governor John Bel Edwards said the CAT Tax did not pass the House Ways and Means Committee.  The Governor, in addressing the media said that "the fate of that bill was decided long before we unveiled it".

Read More

latter-blum2

Sen. Appel talks budget, economy

TRUMP TALK

Dead Pelican

Optimized-DeadPelican2 1 1