Study Reveals the Gulf of Mexico Permitting Mess

By: Steve Maley (Diary)  |  May 31st at 09:00 AM  | 

In a rational world, the Federal government would act as a motivated lease owner who was interested in promoting the safe and environmentally responsible development of his mineral resource, consistent with sound conservation practice. That’s why there’s a permit process in the first place. Since Macondo, that’s backwards. Operating practices must conform to the permitting process that has, um, evolved in a purely political environment: | Read More »

Obama/Salazar Moratorium Has Crippled Domestic Oil Production

By: Steve Maley (Diary)  |  March 24th at 07:00 AM  | 

In 2011, Gulf of Mexico oil production will under-perform the government’s pre-Macondo forecasts by 355,000 barrels per day — almost 130 million barrels for the year. In 2012, the shortfall rises to 550,000 barrels per day — 200 million barrels. That’s fully one-third of the Gulf’s oil producing capability, and over 10% of total domestic oil production. These are staggering numbers. Alaska, our #1 oil | Read More »