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Posted on April 25, 2011
BY JOSEPH MASON
This month, one year since the Deepwater Horizon explosion in the Gulf of Mexico, the Noble Clyde Boudreauxan ultra-deepwater semi-submersible drilling rigwill start operations off the coast of Brazil. Until a few weeks ago it was stationed in the Gulf.
The two events are not unrelated. Moving the Noble out of U.S. waters is one of the adverse consequences of the Obama administration’s overreaction to last year’s Gulf spill.
Despite the president’s repeated claims that he’s been “encouraging” domestic oil production, administration policies have been driving drilling rigs out of the Gulf (six deepwater rigs in addition to the Noble …