The Obama Administration falsified a report written by a panel of experts hired to provide their opinion on how to handle the BP oil spill disaster. A paragraph was inserted over the signatures of the experts, a paragraph that recommended a drilling moratorium in the Gulf.
When speaking out and exposing the fraud, the panel, whose recommendation was exactly the opposite of that in the words inserted by the government, warned that rigs would not remain in the Gulf. The day rate is too costly and demand exceeds supply elsewhere in the world. Once gone, it will be years before they return, the best and safest will go first, jobs will be lost and the nation’s dependence on foreign oil will be increased.
It has come to pass as they said it would. The first rig is going to Egypt. Contract terminations are in negotiation for more.