Oct 12, 2010 7:34 PM by Shawn Kline

Moratorium and jobs: will they be there?

"The moratorium being lifted is one thing." Rob Guidry says, "but getting the permits so people can go back to work is really the issue we're dealing with now."
Guidry, of the Greater Lafayette Chamber of Commerce, says the barrier hasn't been taken down just yet and it could be weeks or months before workers get back to drilling.
"The oil and gas industry needs permits to go back to work," Guidry says.
A federal report suggests the moratorium caused a temporary loss in jobs.
It estimates the losses to be anywhere between eight and 12-thousand; and those numbers don't include any job losses due to a trickle-down effect into other industries.
Oil and gas experts say those temporary losses will come back but the oil companies may not.
"People will have their jobs." Gregg Gothreaux says, "but they're going to go overseas."
"This may keep people from laying off," Andy Simon said.
Simon, of Crown Drilling, doesn't see any new job losses but the permits could keep off-shore companies on a hiring freeze.
"There's still going to be a lag for certain services until they get the rigs up and going."
The federal agency that oversees off-shore drilling says permits could take weeks to process and even longer for new jobs to open.


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