Switch to Desktop Site
 
 

Louisiana backs oil industry, wants drilling moratorium thrown out

Louisiana is supporting a lawsuit to overturn the six-month moratorium on deep-water drilling. The ban could cost the local oil industry as much as $330 million a month, the state says.

Image

A crane idles adjacent to offshore oil rig supply ships at Port Fourchon, La., on June 14. More than 95 percent of the port's business is related to the oil and gas industry, and some business owners at the port say the six-month moratorium on new permits for deep water drilling may result in layoffs.

Saul Loeb/AFP/Newscom

About these ads

Louisiana Gov. Bobby Jindal is supporting a legal challenge that seeks to reverse President Obama’s six-month moratorium on deepwater oil drilling in the Gulf of Mexico. While the administration has been adamant about pausing all deep-water drilling until the cause of the Gulf oil spill is determined, Governor Jindal says the economic well-being of his state hangs in the balance.

In papers filed Sunday in federal court in New Orleans, Louisiana Attorney General James "Buddy" Caldwell wrote that the state would be “crippled by the Deepwater Horizon disaster” and that it is positioned to lose almost 11,000 direct and indirect jobs in five months.

Next

Page:   1   |   2   |   3


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.

Share

Loading...