Louisiana Congressman Anh "Joseph" Cao has called for an immediate lifting of the Gulf oil moratorium, saying it is have devastating impact on the economy of Louisiana.
Even though most resisted the oil moratorium which came about from the BP oil spill, the Obama administration pushed it through even after a just ruled against it. They simply made up a new moratorium to put in place of the old one.
Hundreds of people are out of work already from the measure, and according to Cao, thousands more could end up filing for unemployment.
This is after thorough testing of all oil rigs in the Gulf, which were given a clean bill of health by investigators.
Citing Diamond Offshore Drilling Inc. (NYSE:DO), who has already sent away two oil rigs, one to the Republic of Congo and the other to Egypt, has announced it'll send a third to Canada, shrinking the number operating in the Gulf to 31.
Estimates from the Louisiana Mid-Continent Oil & Gas Association are that just under 1,000 jobs are lost for every rig that leaves the Gulf.
Flying over the area of the leak in a helicopter, Cao said there was only evidence of one small oil slick remaining from the spill.
While reiterating BP needs to be held accountable for the damage from the accident, Cao said the oil moratorium still needs to be lifted immediately so more of the people of the Gulf aren't hurt even worse.
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