Sunday, July 11, 2010

Jobs Float Away: Economy Rigged for Failure

Ocean Endeavor

A Crude Sendoff

Even though a judge slapped down the Obama administration’s drilling moratorium, and the ruling was upheld on appeal, the administration has pledged to continue on until they find a way to halt offshore drilling — purportedly until the cause of the Deepwater Horizon accident can be determined (which is like banning all trans-Atlantic crossings until we can figure out exactly why the Titanic sank).

Since no company will invest money to prepare to drill during an appeals process that remains unpredictable, rig owners are bound to leave for greener pastures, and they’ll take the jobs with them.

The first rig is already leaving the Gulf:

Diamond Offshore announced Friday that its Ocean Endeavor drilling rig will leave the Gulf of Mexico and move to Egyptian waters immediately — making it the first to abandon the United States in the wake of the BP oil spill and a ban on deep-water drilling.

And the Ocean Endeavor’s exodus probably won’t be the last, according to oil industry officials and Gulf Coast leaders who warn that other companies eager to find work for the now-idled rigs are considering moving them outside the U.S.
“As a result of the uncertainties surrounding the offshore drilling moratorium, we are actively seeking international opportunities to keep our rigs fully employed,” Dickerson said. “We greatly regret the loss of U.S. jobs that will result from this rig relocation.

Too bad our own president and others who derive political power through increased dependency on government don’t feel the same way (a good example of the liberal definition of “fiscal responsibility” is spending trillions on government health care nobody wanted and then creating the economic conditions where everybody is forced to use it so the money isn’t completely wasted).

How could Team Obama be convinced to keep those rigs in the Gulf? Short of disguising oil rigs as offshore golf courses, mosques, US Muslim Space Agency headquarters or floating Planned Parenthood Superstore outlets, I can think of nothing that might entice the current administration to want to keep them right where they are.

As our demand for oil shows no immediate sign of waning, we’re watching jobs sail off into the sunrise, where workers from another country will be paid to drill oil that may ultimately be sent right back to the US and poured into Al Gore’s private jet — all while being placated by claims that it’s okay because at some point in the next 25 years our cars, furnaces and industries will be powered by kumquats and solar panels built with taxpayer dollars given to labor unions and the family member of a corrupt congressman. I’m skeptical of success.

Update: Don’t sweat any of this — apparently we’re all about to die anyway.

Somebody please pass the bacon-stuffed deep fried Twinkies.

By Doug Powers • July 11, 2010

1 comment:

  1. All I can say is I'm glad I'm old and I won't have to watch the demise of this once great country.

    I said that about California once too. We've been taken over by "I just want everyone to feel good... At any cost"