The Institute for Energy Research compared the impacts of hurricane activity and the Obama Administration’s oil policies on production in the offshore Gulf of Mexico to see which has the larger and more lasting impact. Although the shorter-term impacts of both are similar in size, Obama’s policies seem to have a more lasting effect. The Energy Information Administration (EIA) forecasts that offshore oil production in the Gulf of Mexico will not reach its peak 2010 production level at least through 2014, the farthest year out in the agency’s Short-Term Energy Outlook.
