{"id":11040,"date":"2010-06-06T14:46:13","date_gmt":"2010-06-06T12:46:13","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/11040\/us-bans-oil-companies-deepwater-drilling-for-6-months\/"},"modified":"2010-06-06T14:46:13","modified_gmt":"2010-06-06T12:46:13","slug":"us-bans-oil-companies-deepwater-drilling-for-6-months","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/11040\/us-bans-oil-companies-deepwater-drilling-for-6-months\/","title":{"rendered":"US bans oil companies deepwater drilling for 6 months"},"content":{"rendered":"<p><p>Obama and the US administration have decided to ban deepwater drilling in the Gulf of Mexico for a period of six months, which will directly affect at least seventeen oil companies including multinational giants like BP, Exxon Mobil, Shell and Chevron.<\/p>\n<p>The order, issued on May 27th 2010, forced 33 rigs to shut down operations and every one of those rigs is serviced out of Port Fourchon, according to Mr. Chiasson, so the drilling ban could end up slashing the incomes of thousands of other workers, from welders and divers to caterers and drivers, who depend on the industry.<\/p>\n<p>One oil industry group, the Louisiana Mid-Continent Oil and Gas Association, has estimated that each exploration and production job represents four supporting jobs in and around the region. If that is the case, thousands of jobs, and millions of dollars in wages, could be affected by the work stoppage, the group said.<\/p>\n<p>With that in mind, a growing chorus of residents, business owners and local politicians in the gulf region are imploring the Obama administration to reconsider the deepwater drilling ban.<\/p>\n<p>\u201cWe need to know what you are prepared to do to prevent catastrophic damage to our battered economy,\u201d said an editorial addressed to the president that appeared in The Times-Picayune of New Orleans on Friday. \u201cIt is not clear, Mr. President, why it will take six months to determine what went wrong on Deepwater Horizon and how to remedy safety deficiencies.\u201d<\/p>\n<p>When the Deepwater Horizon exploded April 20, releasing a still-continuing torrent of oil into the gulf, representatives from at least 13 different companies were on board. Besides high-level engineers and managers from Transocean, which operated the rig, and BP, which held the lease on it, the workers included cooks, tank washers and laundry workers employed by a medley of subcontracted companies.<\/p>\n<p>A long term pause in oil companies ability to ddrill in deepwater work could be devastating to local US economies already struggling with fishing restrictions, frightened tourists and other effects of the Gulf of Mexico oil spill.<\/p>\n<div>\n<div><a href=\"http:\/\/digg.com\/submit?url=http2F2Foil2F062Fus-bans-oil-companies-deep-water-drilling-for-6-months.html&title=US+bans+oil+companies+deepwater+drilling+for+6+months\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/plugins\/light-social\/digg.png\" alt=\"Digg This\" title=\"Digg This\" \/><\/a><\/div>\n<div><a 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class=\"lightsocial_img\" src=\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/plugins\/light-social\/technorati.png\" alt=\"Bookmark this on Technorati\" title=\"Bookmark this on Technorati\" \/><\/a><\/div>\n<div><a href=\"http:\/\/twitter.com\/home?status=Reading+http2F2Foil2F062Fus-bans-oil-companies-deep-water-drilling-for-6-months.html\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/plugins\/light-social\/twitter.png\" alt=\"Post on Twitter\" title=\"Post on Twitter\" \/><\/a><\/div>\n<div><a href=\"http:\/\/www.google.com\/reader\/link?url=http2F2Foil2F062Fus-bans-oil-companies-deep-water-drilling-for-6-months.html&title=US+bans+oil+companies+deepwater+drilling+for+6+months\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/plugins\/light-social\/google_buzz.png\" alt=\"Google Buzz (aka. Google Reader)\" title=\"Google Buzz (aka. Google Reader)\" \/><\/a><\/div>\n<\/div>\n<ul>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/05\/2010\/bp-pasted-by-more-setbacks-over-us-gulf-crude-oil-spill.html\" title=\"BP pasted by more setbacks over US Gulf crude oil spill\">BP pasted by more setbacks over US Gulf crude oil spill<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/05\/2010\/bp-in-deeper-trouble-has-hands-full-with-gulf-oil-slick-chaos.html\" title=\"BP in deeper trouble, has hands full with Gulf oil slick chaos\">BP in deeper trouble, has hands full with Gulf oil slick chaos<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/bp-lowers-a-cap-onto-leaking-gulf-of-mexico-oil-well.html\" title=\"BP lowers a cap onto leaking Gulf of Mexico oil well\">BP lowers a cap onto leaking Gulf of Mexico oil well<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/bp-fails-to-contain-oil-spill-as-latest-effort-gets-stuck.html\" title=\"BP fails to contain oil spill as latest effort gets stuck\">BP fails to contain oil spill as latest effort gets stuck<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/bp-shares-in-freefall-down-14bn-as-gulf-oil-crisis-deepens.html\" title=\"BP shares in freefall down \u00a314bn as Gulf oil crisis deepens\">BP shares in freefall down \u00a314bn as Gulf oil crisis deepens<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/05\/2010\/obama-sends-us-nuclear-physicists-to-tackle-gulf-oil-leak.html\" title=\"Obama sends US nuclear physicists to tackle Gulf oil leak\">Obama sends US nuclear physicists to tackle Gulf oil leak<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/05\/2010\/light-oil-prices-trading-up-over-86-on-messy-gulf-oil-spill.html\" title=\"Light oil prices trading up over $86 on messy Gulf oil spill\">Light oil prices trading up over $86 on messy Gulf oil spill<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/04\/2010\/oil-slick-chaos-as-210000-gallons-leaking-daily-into-gulf.html\" title=\"Oil slick chaos as 210,000 gallons leaking daily into Gulf\">Oil slick chaos as 210,000 gallons leaking daily into Gulf<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/04\/2010\/gulf-oil-rig-disaster-spilling-300000-gallons-of-oil-per-day.html\" title=\"Gulf oil rig disaster spilling 300,000 gallons of oil per day\">Gulf oil rig disaster spilling 300,000 gallons of oil per day<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/05\/2010\/crude-oil-prices-may-rise-on-gulf-of-mexico-oil-spill.html\" title=\"Crude oil prices may rise on Gulf of Mexico oil spill disaster\">Crude oil prices may rise on Gulf of Mexico oil spill disaster<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/05\/2010\/gulf-spill-of-210000-gallons-daily-may-push-oil-over-100.html\" title=\"Gulf spill of 210,000 gallons daily may push oil over $100\">Gulf spill of 210,000 gallons daily may push oil over $100<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/04\/2010\/gulf-of-mexico-oil-rig-spill-serious-leaking-42000-gallons-daily.html\" title=\"Gulf of Mexico oil rig spill serious, leaking 42,000 gallons daily\">Gulf of Mexico oil rig spill serious, leaking 42,000 gallons daily<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/04\/2010\/transocean-gulf-of-mexico-rocked-by-large-oil-rig-explosion.html\" title=\"Transocean, Gulf of Mexico rocked by large oil rig explosion\">Transocean, Gulf of Mexico rocked by large oil rig explosion<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/12\/2009\/oil-company-shell-plans-to-sell-nigerian-oil-fields.html\" title=\"Oil company Shell plans to sell Nigerian oil fields\">Oil company Shell plans to sell Nigerian oil fields<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/10\/2009\/major-oil-companies-leaving-uk-north-sea-pickings.html\" title=\"Major oil companies leaving UK North Sea pickings\">Major oil companies leaving UK North Sea pickings<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/06\/2010\/crude-oil-prices-fall-four-percent-on-gloomy-us-jobs-data.html\" title=\"Crude oil prices fall four percent on gloomy US jobs data\">Crude oil prices fall four percent on gloomy US jobs data<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/06\/2010\/wti-oil-price-nears-75-after-us-crude-supply-data.html\" title=\"WTI oil price nears $75 after US crude supply data\">WTI oil price nears $75 after US crude supply data<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/06\/2010\/wti-oil-price-trading-higher-over-73-on-us-supplies-data.html\" title=\"WTI oil price trading higher, over $73 on US supplies data\">WTI oil price trading higher, over $73 on US supplies data<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/brent_oil_prices\/06\/2010\/brent-oil-price-trading-over-74-on-us-market-bounce.html\" title=\"Brent oil price trading over $74 on US market bounce\">Brent oil price trading over $74 on US market bounce<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/06\/2010\/oil-prices-open-trading-around-72-mark-us-dollar-gains.html\" title=\"Oil prices open trading around $72 mark, US dollar gains\">Oil prices open trading around $72 mark, US dollar gains<\/a><\/li>\n<\/ul>\n<p>Read more:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/us-bans-oil-companies-deep-water-drilling-for-6-months.html\" title=\"US bans oil companies deepwater drilling for 6 months\">US bans oil companies deepwater drilling for 6 months<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Obama and the US administration have decided to ban deepwater drilling in the Gulf of Mexico for a period of six months, which will directly affect at least seventeen oil companies including multinational giants like BP, Exxon Mobil, Shell and Chevron. The order, issued on May 27th 2010, forced 33 rigs to shut down operations and every one of those rigs is serviced out of Port Fourchon, according to Mr. Chiasson, so the drilling ban could end up slashing the incomes of thousands of other workers, from welders and divers to caterers and drivers, who depend on the industry. One oil industry group, the Louisiana Mid-Continent Oil and Gas Association, has estimated that each exploration and production job represents four supporting jobs in and around the region. If that is the case, thousands of jobs, and millions of dollars in wages, could be affected by the work stoppage, the group said. With that in mind, a growing chorus of residents, business owners and local politicians in the gulf region are imploring the Obama administration to reconsider the deepwater drilling ban. \u201cWe need to know what you are prepared to do to prevent catastrophic damage to our battered economy,\u201d said an editorial addressed to the president that appeared in The Times-Picayune of New Orleans on Friday. \u201cIt is not clear, Mr. President, why it will take six months to determine what went wrong on Deepwater Horizon and how to remedy safety deficiencies.\u201d When the Deepwater Horizon exploded April 20, releasing a still-continuing torrent of oil into the gulf, representatives from at least 13 different companies were on board. Besides high-level engineers and managers from Transocean, which operated the rig, and BP, which held the lease on it, the workers included cooks, tank washers and laundry workers employed by a medley of subcontracted companies. A long term pause in oil companies ability to ddrill in deepwater work could be devastating to local US economies already struggling with fishing restrictions, frightened tourists and other effects of the Gulf of Mexico oil spill. BP pasted by more setbacks over US Gulf crude oil spill BP in deeper trouble, has hands full with Gulf oil slick chaos BP lowers a cap onto leaking Gulf of Mexico oil well BP fails to contain oil spill as latest effort gets stuck BP shares in freefall down \u00a314bn as Gulf oil crisis deepens Obama sends US nuclear physicists to tackle Gulf oil leak Light oil prices trading up over $86 on messy Gulf oil spill Oil slick chaos as 210,000 gallons leaking daily into Gulf Gulf oil rig disaster spilling 300,000 gallons of oil per day Crude oil prices may rise on Gulf of Mexico oil spill disaster Gulf spill of 210,000 gallons daily may push oil over $100 Gulf of Mexico oil rig spill serious, leaking 42,000 gallons daily Transocean, Gulf of Mexico rocked by large oil rig explosion Oil company Shell plans to sell Nigerian oil fields Major oil companies leaving UK North Sea pickings Crude oil prices fall four percent on gloomy US jobs data WTI oil price nears $75 after US crude supply data WTI oil price trading higher, over $73 on US supplies data Brent oil price trading over $74 on US market bounce Oil prices open trading around $72 mark, US dollar gains <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11040","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=11040"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11040\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=11040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=11040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=11040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}