Obama is doing an awesome job fixing the economy. Who woulda thunk that killing private business would have been the quickest route to economic recovery?
Yeah, yeah, I know..."ol' evil oil companies!". Look at it this way: the only folks hurt by this are the working folks, who no longer have jobs, because the evil profiteers are going to split up $105 million.HOUSTON (AP) — Seahawk Drilling Inc. said it has filed for bankruptcy protection and plans to sell its fleet of offshore drilling rigs to a competitor for $105 million.
Seahawk, which announced the deal with Hercules Offshore Inc. Friday, has been hurt by a slowdown in Gulf of Mexico drilling after the BP oil spill last April. The government halted drilling in deep waters and imposed tough new rules that have curtained all energy exploration in U.S. waters.
Seahawk Drilling seeks bankruptcy, to sell assets - USATODAY.com
I had to throw in the link to Gateway Pundit as bonus, because the title of the blog is so damn cool...and accurate. Plus, I linked to the article, through their site, so I'll give them credit, along with American Thinker.
Obama’s Illegal Moratorium Forces Major Drilling Company to Go Bankrupt | The Gateway Pundit