First Rig Changes Plans: Hopes to Drill in Egypt Because US is Now Hostile to Profits

Via Chron:

Diamond Offshore announced Friday that its Ocean Endeavor drilling rig will leave the Gulf of Mexico and move to Egyptian waters immediately — making it the first to abandon the United States in the wake of (Obama's) ban on deep-water drilling.

And the Ocean Endeavor's exodus probably won't be the last, according to oil industry officials and Gulf Coast leaders who warn that other companies eager to find work for the now-idled rigs are considering moving them outside the U.S.

It was unclear how many U.S. jobs could leave with the Ocean Endeavor, but typically more than 100 workers are on the rig at any given time, doing everything from drilling to cooking meals. Onshore, a network of businesses supplies the rigs with groceries, equipment, uniforms and drilling materials.
 
Dan Pickering, a financial analyst with Tudor, Pickering Holt & Co. Securities, said the legal uncertainties surrounding the ban - and the administration's plan to issue a new, revised moratorium - ensure that no companies will resume deep-water drilling in U.S. waters anytime soon.
 
"Are you really going to spend $5 million … getting ready to drill a well that someone would when probably block you from drilling?" Pickering said.

Are you going to invest money in doing something productive in America when Democrats are sitting around to talk bad about you, change the laws around, and tax that money away so that they can give it to their politically-connected friends? Are you going to work hard, knowing that Democrats can change the rules of the game whenever they want and whichever way the wind blows just so that they can pay back those who put them in office?

The answer to both of those questions is an obvious 'no', and demonstrates why Democrats shouldn't be running anything at all in our great nation. It is sad that their policies- the policies of Democrats like Pelosi, Reid, Peters, Levin, Obama, etc- have directly forced one company that employs hundreds producing a product that is high demand for a nice profit to leave our nation and go to Egypt because that country is more welcoming and accepting than ours. It is sad that these oil rigs are being forced to change their plans, and instead of making America a richer, more prosperous nation, are enriching a nation like Egypt instead.

Elections have consequences. This is what happens when you vote Democrat, anywhere on the ticket- businesses leave and our nation and society are a little bit less rich than we used to be.