The Biden administration suddenly announced it would postpone a major oil and gas lease sale that it previously tried to cancel, but which the Inflation Reduction Act mandates.
The American Petroleum Institute (API) today (Oct 6) released new analysis that outlines the potential consequences of new vessel restrictions on American oil and gas workers in the U.S. Gulf of Mexic. . .
GoM: New analysis finds Gulf of Mexico restrictions diminish energy security, hinder economic growth energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.
The study, conducted by EIAP, finds that recently proposed restrictions on oil and natural gas vessels operating in the Gulf of Mexico would have a major impact on jobs, industry investment, government revenue and oil and natural gas production in the region, to a nearly one-quarter decline – which is more than 500,000 boed – in energy production in the Gulf of Mexico by 2040, even as demand continues to rise.