Already, Diamond Offshore's announced that the first rig is leaving the United States for Egypt. They are already leaving, planning to leave others for West Africa, the Middle East, Brazil, and those points. And as they made the point, these rigs, you have them for a limited amount of time. They are well sought out for around the world. And when they leave, they don't come back for years. And with them are our energy workers, the companies that support them, American businesses that sell to them and ship to them and provide those services. And as we know, the rest of the world, including state-owned enterprises in China, is now aggressively swooping in to bid for these rigs which, again, takes away our jobs and our prosperity.
Kevin Brady: “Already, Diamond Offshore's announced that the first rig is leaving the United States for Egypt. They are already…”
On the recordJuly 15, 2010
Editor's note · Context
The speaker addresses the impact of U.S. oil rigs leaving for international markets on American jobs and businesses.
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