◼ A new study from IHS-CERA, one of the leading energy think tanks, projects the cost of the Department of the Interior’s ongoing regulatory slowdown and its impact on the energy industry, employment in the coastal states, and the U.S. economy in general. The study, released on Thursday, was commissioned by the Gulf Economic Survival Team (GEST). - Redstate
We’re beginning to see the true cost of an energy-hostile Administration in Washington. Their policies are not just an inconvenience to a few companies. They are permanently damaging infrastructure which will be difficult to impossible to rebuild. That seems to be their intent....
The damage done by BOEMRE (The Bureau of Ocean Energy Management, Regulation and Enforcement) now extends beyond a mere slowdown in acquiring permits. With the moratorium/permitorium well into its second year, structural damage to the industry has begun. This is affecting larger companies — the “majors” and the large independents — but it is especially damaging to the small independents and service companies. Private companies and small cap public companies have a particularly difficult time complying with new requirements and funding new bonding requirements. Many are understandably reluctant to embark on large new capital projects during a period of unprecedented hostility toward industry.
We’re beginning to see the true cost of an energy-hostile Administration in Washington. Their policies are not just an inconvenience to a few companies. They are permanently damaging infrastructure which will be difficult to impossible to rebuild. That seems to be their intent....
The damage done by BOEMRE (The Bureau of Ocean Energy Management, Regulation and Enforcement) now extends beyond a mere slowdown in acquiring permits. With the moratorium/permitorium well into its second year, structural damage to the industry has begun. This is affecting larger companies — the “majors” and the large independents — but it is especially damaging to the small independents and service companies. Private companies and small cap public companies have a particularly difficult time complying with new requirements and funding new bonding requirements. Many are understandably reluctant to embark on large new capital projects during a period of unprecedented hostility toward industry.
