What Will The Ramifications Of Obama's Decision To Halt Deep Water Drilling?

How many jobs will be lost? Where will the rigs go? How much more oil will we need to buy from the Saudis?

Asked By: cargo pilot - 6/16/2010
Best Answer - Chosen by Asker
It will allow further research on how safe it is, and if we (Americans) can make is safer
Answered By: Jesus was a Liberal - 6/16/2010
Additional Answers (19)
Less poisoned wild life.
Answered By: Rush Limbaugh's Dominican boyfriend - 6/16/2010
Obama has already said he wants gas prices at $5 a gallon...looks like hes going to get them and more.
Answered By: Rush is Right - 6/16/2010
I dunno, but screw the politics of it; I'm investing in alternative fuel mutual funds. Just waiting for the dow to nosedive a few hundred points in day and I'm pulling the trigger.
Answered By: Racer X - 6/16/2010
It will further Obama's Marxist-Leninist agenda, the one that they dirty Marxist hippies started in the 60's, by lowering our standard of living with taxes and breaking down our country. We're getting closer to the end, Americans.
Answered By: Sophie - 6/16/2010
As some one else said, there are 3000 other oil rigs in the USA. A moratorium on new deep water wells will not have an impact that is significant.
Answered By: Newts Man - 6/16/2010
NO MORE UNSAFE OIL DRILLING h ahahahhahahahahahahahhahahahahah how many JOBS were lost due to UNSAFE OIL DRILLING moron ha hahahha
Answered By: Corp - 6/16/2010
The jobs will mostly go to South America and the Middle East, along with the rigs. Drillers will be reluctant to return to a business environment ruined by a Marxist ideologue.
Answered By: Shovel Ready - 6/16/2010
it is only for new drilling....all wells in operation are not affected.........well except for BP....for some reason they are allowed to drilll the new well during the calling it a 'relief" well lol....the prez and BP are counting on americans to be idiots and fall fo this....and it's working
Answered By: Ron R - 6/16/2010
Not much, because very little of the total oil supply comes from deep water drilling.
Answered By: David H - 6/16/2010
Shovel Ready is right, the Oil Companies will go elsewhere, and they won't come back... More
Answered By: Thomas - 6/16/2010
Higher oil Prices. I figure Opec will have a emergency meeting within the month and hike prices. Lost jobs in america. Obama can not stop drilling out past the 200 mile limit and other countries will drill and spill the oil will still run up on our shores and they will make a fortune off the american Tax payer buying... More
Answered By: White Bear - 6/16/2010
If they increase shallow water drilling, I'm all for banning deep water drilling.
Answered By: Joe - 6/16/2010
It's just suspended to make sure there is less chance of it happening again.
Answered By: Pennywise - 6/16/2010
Thousands of lost jobs, the rigs will move to Brazil and other off shore friendly places, employing foreigners. Then we will pay an inflated price for the oil, driving up profits for the oil companies including foreign oil non US friendly nations. The Economy can not sustain itself now, so it will drop into a deeper... More
Answered By: libsticker - 6/16/2010
He said he is putting a 6 month moratorium of deep water drilling he did not say it was being halted forever. The oil companies have to show they can control a blowout like the one we have now and if in watching the hearing yesterday you would see they have no idea what to do as evidenced by the the safety reports... More
Answered By: JOE - 6/16/2010
It will be one more *screw up* on 0bama's list of ugly failures!
Answered By: susisays - 6/16/2010
He's only suspended permits for new drill sites for six months. Once that is passed he'll try to use new drilling permits as a bludgeon to force cap and trade through.
Answered By: Bob G...The return of - 6/16/2010
Until the oil companies can submit an actual plan (not for Walruses) that doesn't use 30 year old technology for clean up, and can clean up from a mile deep he should not lift it... More
Answered By: cantcu - 6/16/2010
Higher fuel and energy costs... resulting in higher prices for all goods as well as our energy utilities. Massive loss of jobs at a time when job growth is highly tenuous. Wholesale movement of manufacturing and service jobs overseas. More money in the coffers of nations who hate us and fund our enemies... resulting... More
Answered By: Communism is Glorified Slavery - 6/16/2010
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
New job opportunities added daily. Search Virginia jobs now!
Local Positions Open in Your Area. Hiring Now - Apply Today!
Jobs hiring near your local area. Part-time, Full-time, Work at home.

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-314