https://redstate.com/vladimir/2010/12/14/moratorium-leads-to-abrupt-production-declines/feed/Conservative News & Politicsen-usFri, 12 Jun 2026 10:57:01 -0400<![CDATA[Offshore oil and gas wells typically are able to produce at high rates at the beginning of their lives. Reserves are not infinite, so that means a rapid natural rate of decline as reserves deplete. &#8220;Reserve replacement&#8221; is a big issue; we often say that every day that you don&#8217;t replace production in the oilfield means you&#8217;re just slowly going out of business.]]>Tue, 14 Dec 2010 19:00:46 -0500<![CDATA[Steve Maley]]>https://redstate.com/vladimir/2010/12/14/moratorium-leads-to-abrupt-production-declines-n37320