Interior Secretary Ken Salazar will meet with oil industry executives in Houma, La., on Monday. The big topic will be the government’s slow pace in issuing drilling permits for the Gulf of Mexico, despite the Obama administration lifting its deep-water drilling moratorium last month and the shallow-water moratorium in May.
It’s not the big oil companies hurting now. The Gulf of Mexico is just one sliver of their worldwide portfolios. It’s the smaller companies that rely more heavily on the Gulf. Among them is Hercules Offshore.