Cassidy To Join Tea Party Of Louisiana For Town Hall Meeting On Moratorium

July 7, 2010

WASHINGTON, DC – Louisiana Congressman Bill Cassidy will join the Tea Party of Louisiana Monday, July 12 for a Town Hall Meeting in support lifting the President’s moratorium on offshore energy production.

Cassidy is the lead sponsor of the Gulf Coast Jobs Preservation Act, legislation to overturn the Minerals Management Service Notice to Lessees No. 2010–N04, which established a moratorium on deepwater energy production.

According to the Louisiana Midcontinent Oil & Gas Association, the moratorium:

•Shuts down 33 rigs, which employ 180-280 workers apiece, with each worker supporting an additional four jobs in the energy economy
•Jeopardizes up to $330 million a month in household income
•Reduces domestic energy production by 80,000 barrels per day
•Risks $7.6 billion in future government revenues
Late last month, a federal court overturned the moratorium, citing “immeasurable effect[s] on … the local economy, the Gulf region, and the critical present-day aspect of the availability of domestic energy in this country.” The Administration is currently appealing this ruling to the Fifth Circuit Court of Appeals, and has threatened to write a new moratorium, pending the outcome of the appeal.

Monday’s Town Hall Meeting begins at 7:00 at Boudreaux’s in Baton Rouge, located at 2647 Government Street. Joining Cassidy at the Tea Party Town Hall Meeting are:

•Don Briggs, President Louisiana Oil & Gas Association
•Ginger Sawyer, Vice President Louisiana Association of Business & Industry (LABI), Energy Council Director
•Lawrence Svendson, Operations Manager Marlin Energy LLC
•Scott McKay, Publisher of TheHayride.com

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