Drilling moratorium hurts environment

President Obama’s drilling moratorium (which was opposed by his own experts) is actually hurting the environment:

Ironically, royalties from offshore drilling in Louisiana are designated by the state constitution to pay for critical infrastructure protection and coastal restoration. The longer this drilling moratorium continues, the longer Louisiana has to wait to protect itself from future disasters. Eric Smith, an energy expert at Tulane University, pointed out that the moratorium also increases the risk of a spill because that threat increases every time you start and stop operations. Smith also pointed out that putting two to three independent safety inspectors on each rig, paid for by the oil companies, would be a low-cost alternative to the moratorium.

(Previous post.)

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