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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 moratorium......by 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
Source(s):
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
 
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