Potential Oil Production Increases in Gulf from Speedier Permitting
The IHS Global Insight and IHS CERA Study
By Institute for Energy Research —— Bio and Archives--July 29, 2011
Global Warming-Energy-Environment | Comments | Back To Full Article
The Obama Administration has long been hostile to domestic oil and natural gas production. The impacts of these policies are becoming clear. One recent study found that the Administration's moratorium and slowdown in permitting in the Gulf of Mexico has cost the United States over $4 billion in economic output and nearly 20,000 jobs.[ia] A new study has found that there is great economic potential if the Administration speeds up their slow permitting process.
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