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moratorium 3 articles

Study finds BP oil spill altered environmental opinions among Gulf Coast residents

A large proportion of Gulf Coast residents directly impacted by BP’s Deepwater Horizon oil spill said the disaster has changed their views on environmental issues such as protecting wildlife, offshore drilling, and global warming, according to a report by University of New Hampshire researchers. For the report, “In the Wake of the Spill: Environmental Views Along the Gulf Coast,” published in Social Science Quarterly, researchers surveyed 2,023 Gulf Coast residents, including 1,017 residents of Louisiana’s Plaquemines and Terrebonne parishes and 1,0006 residents of Bay, Gulf, and Franklin counties in Florida. Most of these residents were interviewed after the well was ... Read More

BP posts soaring profits, expects to resume Gulf drilling

It’s still a struggle for Gulf Coast communities racked by last year’s catastrophic oil spill, but BP is flying high on its first-quarter profits and the expectation that it will resume drilling in the Gulf of Mexico again before the end of the year. Thanks to painfully high crude oil prices, BP posted soaring net profits for the first quarter – up 17 percent from $6.08 billion in the first quarter of 2010 to $7.12 billion. The earnings were enough to offset an 11 percent decline in oil and natural gas production caused by last year’s $24 billion in asset ... Read More

Would an offshore drilling moratorium make a bad oil spill worse?

Many news reports have called President Obama’s six-month moratorium on deepwater offshore drilling an unwarranted knee-jerk reaction to BP’s catastrophic offshore explosion in the Gulf of Mexico. Opponents of the moratorium say that the ban would deal a devastating economic blow to Gulf Coast communities already besieged by oil. After two court rulings against Obama’s earlier ban on new offshore drilling, the President has issued a new moratorium that he hopes will stand up in court. The move has sparked further outrage in the oil industry and throughout those states that benefit directly from offshore drilling. Louisiana Democrat Nancy Landrieu, ... Read More