The federal government is losing more than $4.7 million a day due to declining production at existing oil and natural gas wells in the Gulf of Mexico (GOM) and “bureaucratic delays” with issuing permits for wells in the Gulf offshore, according to a recent report by the National Center for Policy Analysis (NCPA).
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Analysis Says Gulf Slowdown Costing Government $4.7M a Day
The federal government is losing more than $4.7 million a day due to declining production at existing oil and natural gas wells in the Gulf of Mexico (GOM) and “bureaucratic delays” on issuing permits for wells in the Gulf offshore, according to a recent report by the National Center for Policy Analysis (NCPA).
April 29, 2011
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