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A New Study Examined the Impact on the American Economy of the Offshore Oil and Gas Industry in the Gulf of Mexico


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(OPEN):
A JUST-RELEASED STUDY THAT WAS COMMISSIONED, IN PART, BY THE NATIONAL OCEAN INDUSTRIES ASSOCIATION LOOKED AT THE IMPACT OF THE OFFSHORE OIL-AND-GAS INDUSTRY IN THE GULF OF MEXICO ON THE AMERICAN-ECONOMY.  "NOIA" PRESIDENT, RANDALL LUTHI [AS IN "LUCY" AND "LUTHER"], DESCRIBES SOME OF ITS FINDINGS...

(LUTHI):
"
TODAY, THE GULF ENERGY-INDUSTRY SUPPORTS 240-THOUSAND JOBS--ALL ACROSS THE COUNTRY.  THE BAD NEWS IS [THAT] THOSE NUMBERS ARE DOWN FROM 2008.  IF THE FEDERAL-GOVERNMENT FINDS A WAY TO RETURN TO HISTORIC PERMITTING-RATES, WE COULD CREATE 190-THOUSAND NEW, INDUSTRY-SUPPORTED JOBS, NATIONWIDE, BY 2013.  OVER 95-PERCENT OF INDUSTRY-RELATED SPENDING STAYS RIGHT HERE IN THE UNITED STATES--CREATING MORE JOBS AND MORE ECONOMIC-GROWTH RIGHT HERE AT HOME, INSTEAD OF SENDING IT OVERSEAS.  THE GULF COULD DO MORE TO FUEL AMERICA, AND AMERICA'S ECONOMIC-RECOVERY--BUT WASHINGTON MUST DO MORE FIRST."

(CLOSE):
FOR MORE ON THE STUDY, VISIT "N-O-I-A"-DOT-ORG.



Copyright 2011 North American Network, Inc.

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