Still no deepwater drilling permits issued to date

Gulf of MexicoImage via Wikipedia
CNN/Money:

President Obama lifted his moratorium on deepwater oil drilling nearly a month ago, but the government still hasn't issued any new permits in the Gulf of Mexico.

And most analysts say permits will be slow in coming through 2011.

...

Even if a few permits come through, analysts say it will be a far cry from the amount issued pre-spill.

"We're not holding our breath for a return to business as usual," Whitney Stanco, and energy analyst at the Washington Research Group, wrote in a recent research note. "Despite pressure from Gulf state lawmakers and the oil and gas industry, we believe permitting in 2011 will likely be slower than it has been in recent years."

The moratorium did not affect current oil production in the deepwater Gulf of Mexico, which comes from wells that have already been drilled. Currently, about a quarter of the nation's five-million-barrel-a-day crude output comes from the deepwater Gulf, according to the Government's Energy Information Administration.

But future output could fall if new wells aren't drilled. EIA predicts U.S. output will drop by about 170,000 barrels a day in 2011 thanks to the ban.

...
This administration and its Department of the Interior continues to strangle domestic energy production while pushing inefficient alternative energy proposals. The moratorium is still defacto.
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