I’d make a surprise appearance in Washington, just to announce my retirement.
Louisiana State University Endowed Chair of Banking and nationally-renowned economist Dr. Joseph R. Mason estimates that the first six months of the Obama administration’s moratorium on oil and natural gas exploration in the Gulf of Mexico will trigger a loss of more than 8,000 jobs, nearly $500 million in wages, and over $2.1 billion in economic activity in the Gulf region alone.
[…]
According to the study, the United States will see a net loss of 12,000 jobs in the six months – a number which could grow to 36,000 over the next year. Additionally, Dr. Mason estimates that the U.S. economy will lose about $2.8 billion in economic activity and the federal treasuries will lose about $220 million in lost tax revenue.
You can download the paper here (word doc.)
Related: “Where did the jobs go?” Bepuzzlement at the New York Times. Not so much in the comments.