Cornyn speaks on deepwater drilling
For nearly nine months the Obama Administration has refused to approve any new deepwater Gulf permits, which affects thousands of workers, an entire region’s economy, and our nation’s energy security. Multiple uprisings across the Middle East threaten the world’s oil supply and oil prices are rapidly increasing worldwide.
Gulf Coast companies have done their part, developing viable containment strategies against spills, now President Obama must do his part and completely lift the moratorium and put thousands of Americans back to work. I congratulate Noble Energy for making it through this ever-changing maze of regulation and ensuing delays that have strangled the Gulf economy since the moratorium began last year.
U.S. Sen. John Cornyn