Monday, July 12, 2010

Obama Ban Kneecaps Gulf Coast Economy

Subject: txt econ engry sclm libs bdd -
The crisis in the Gulf of Mexico intensified Friday as one of the largest drilling companies in the world announced movement of its deepwater drilling rig Ocean Endeavor from the Gulf of Mexico to Egypt.

“With new contracting severely restricted in the Gulf of Mexico as a result of the uncertainties surrounding the offshore drilling moratorium, we are actively seeking international opportunities to keep our rigs fully employed,”

said Diamond Offshore President and CEO, Larry Dickerson.

“We greatly regret the loss of U.S. jobs that will result from this rig relocation.”



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