Thursday, September 09, 2010

Recovery Summer/Depression Winter

From a Louisiana economist, Joseph Mason:

Already we are halfway through the six month moratorium on drilling with predicted job losses both in the Gulf and across the nation continuing to rise. This number will only climb as reserve funds are depleted and tasks not associated with drilling that have kept employees busy in the short term, like regular maintenance, are completed. Unless the moratorium is lifted, we expect to see spikes in unemployment in the Gulf region as we move into the holiday season

Merry Christmas!

HT: Examiner

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