The Rising Influence of Rising Affluence

[OakesCS]

the effect on CLB may be muted but the cut to revenues will be spread around. The deepwater 'moratorium' will cost many $100's of millions - effectively punishing many companies who had nothing to do with this accident.

The supposed 6 month duration of the moratorium is also effectively a 1 yr moratorium for any projects in deep water off Alaska.

Obama seems to be intent on keeping unemployment high as a means of keeping inflation low.