Obama's Moratorium On Drilling Destroys Drilling Company

Way to go, Barry. You brought a lot of change to the Gulf region.

From American Thinker:

On top of tens of thousands of workers losing their jobs when Obama imposed a drilling moratorium by executive order (and fudging what scientists and experts believed in order to justify his moratorium) now comes news that Seahawk Drilling, a major publicly-held drilling services company, has declared bankruptcy due to the sharp decline in Gulf drilling work.

[...]

Employees will be let go; shareholders are suffering big losses as the stock plunges. Gulf communities have already been stricken by big job losses and declines in state tax revenues. We have become even more dangerously dependent on overseas sources of crude and prices have skyrocketed as Obama turned the handle to the off position when it comes to Gulf oil drilling....

The effects on the oil-drilling-based communities in the Gulf will be felt for years to come as the region sinks into its own regional economic depression.