Is Obama's Drilling Moratorium Affecting the NBA?

The NBA has purchased the financially-troubled New Orleans Hornets franchise after a reported purchase by Louisiana businessman Gary Chouest fell through. Chouest has not been available to discuss the matter with the press and speculation is rampant about why the deal was not completed.

New Orleans Times-Picayune reporter John DeShazier implies that the Obama administration may have played an indirect role.

Only Chouest knows how severely his company, global marine service company Edison Chouest Offshore, was damaged by the moratorium on deep-water drilling in the Gulf after the BP oil spill.

Only he can tell us if that’s why he couldn’t, or wouldn’t, conclude the purchase.

Unintended consequences, indeed.