As Louisiana’s maritime industry continues to reel from President Barack Obama’s deepwater drilling moratorium, a leading oil production company has announced it’s looking to move some of its fleet to foreign waters.
Anadarko Petroleum Corp. announced that it is shutting down three exploratory drilling rigs in the deepwater Gulf, all off the Louisiana coast, and assured shareholders that it would move its operations “from the Gulf to other areas of our global portfolio” so it could meet annual production goals.
You can expect this will be the first of many layoffs in the oil industry and followed closely by those employed in the tourism industry.
Any bets on what the unemployment rate will be in 2 months?
With 300 plus thousand Census jobs being cut in addition to all those filing for unemployment due to the spill I’m betting the rate will edge closer to, if not over 10.0.