July 22, 2011

RECOVERY BUMMER (CONT’D): House Report: Obama’s Gulf Oil Slowdown Costing 230,000 Jobs. “The oil lease regulatory process is holding holding back oil exploration and production activity in the Gulf of Mexico. This delay is and this is holding economic benefits that spread past the gulf states, to the entire country if the gulf oil activity activity were allowed to match industry capacity. That was one of the important findings Restarting “the Engine”–Securing American Jobs, Investment, and Energy Security, a study done by IHS CERA and IHS Global Insight which was released by the House Oversight Committee today.”

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