Offshore Drilling and the Federal Deficit

For all the talk about job creation and deficit reduction, the Obama administration continues to ignore one solution to accomplish both: offshore oil drilling.

As the de facto drilling moratorium continues to shackle the Gulf coast region, Sen. David Vitter (R-LA) is determined to hold the administration accountable for what is more than just a regional issue.

The day after President Obama’s Interior Department was held in contempt of court for refusing to lift the moratorium, Vitter wrote to David Hayes, deputy secretary at the Interior Department, demanding that he properly assess the financial damage caused by the moratorium and the liability of the federal government.

“The administration’s energy policy has clearly stifled Louisiana’s coastal economy, and now all American taxpayers could seriously pay the price by having to foot the bill for breach of contracts caused directly by the Interior Department’s actions,” Vitter said. “The Obama administration has made a real mess of the permitting process, and companies can’t just keep waiting around for Interior to meet their contractual obligations. And quite frankly, it’s hard to blame them for suing.”

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