The People of America's Oil and Natural Gas Indusry

The Faces of the Moratorium

Jane Van Ryan

Jane Van Ryan
Posted August 3, 2010

We've told you about the moratorium and the toll it's taking on the U.S. economy. When combined with congressional legislation, it could result in the loss of 175,000 jobs per year and a 27 percent decline in U.S. oil production.

But have you seen the faces of the people who are most affected?

Legislation that seeks to punish an entire industry for a horrendous accident is counterproductive. And the administration's de facto moratorium on offshore development won't improve operational safety. Instead, the livelihoods of thousands of Gulf Coast families are being destroyed.

There's nothing to be gained by killing jobs. Lift the moratorium now.