GNO Inc. study examines 'hidden victims' of Gulf of Mexico drilling moratorium

01 30, 2012 by The Times-Picayune

GNO Inc., the regional economic development organization, will release a study this morning that documents the 'hidden victims' of the moratorium on Gulf of Mexico drilling permits. The moratorium was implemented in the wake of the 2010 oil spill and has since been lifted. The study examines the lingering impact on energy-related companies in Louisiana.

The study reports that 50 percent of the energy firms surveyed have laid off employees as a result of the moratorium amd 46 percent have moved at least some of their operations away from the Gulf of Mexico. Forty-one percent of the businesses surveyed say they are not making a profit.

GNO will officially release the results of the study at a press conference at a Superior Energy facility in Harvey.