(Adds Pride rig moving to Mediterranean)
Jan 27 (Reuters) – Some of the 30-plus deepwater rigs that were in the Gulf of Mexico have moved to other markets, first because of a U.S. halt called last May after BP Plc’s well blowout, and then because of the lack of permits once the moratorium was lifted.
See the jobs go. See the oil go. See unemployment rise. Is it any wonder costs for everything will rise?
And we remain dependent on others to export oil to us. Even moreso.
Sorry, grandkids, this is no longer the America it used to be.
Thank the President and the 111th Congress for this mess. They are the ones who foisted this on you.
Let no one tell you otherwise, for that will be a lie.