Aaaaand… two more shallow water rigs leave the Gulf of Mexico. #rsrh

Link: Aaaaand… two more shallow water rigs leave the Gulf of Mexico. #rsrh

These are Shelf jackups, not deepwater floaters that are directly impacted by the moratorium.

Shallow water work is slack because of the de facto moratorium, a slowdown in the permitting process by the BOEMRE.

When gasoline gets to $8 per gallon, don’t blame the oil companies.

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