VENICE, La., June 18 (UPI) -- Economic fallout from U.S. President Obama's moratorium on deep-water drilling in the Gulf of Mexico is unknown because layoffs are just starting, analysts say.
The Louisiana Mid-Continent Oil and Gas Association warned that many of the rigs affected by the six-month moratorium could go elsewhere to drill for oil, endangering the 800 to 1,400 jobs per rig, including third-party associated service jobs, The New York Times reported Friday.