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Wood-Mackenzie Moratorium Insight......(Good Read)
Posted on 6/3/10 at 5:21 pm
Posted on 6/3/10 at 5:21 pm
Excellent read for those in and out of the industy on the potential effects of the moratorium.
LINK
quote:
So when, if ever, will activities in the deepwater GoM return to pre-moratorium levels? It is impossible to say at this point. Fortunately, the moratorium is not completely shutting down deepwater activities in the region. Allowing certain types of work to continue will help dull the negative economic impacts of the moratorium. Nevertheless, deferred oil and gas production in the near and medium-term seem likely. Delays to developments, higher costs, cancelled projects, and lost jobs are also potential outcomes of this evolving and uncertain situation. All stakeholders are attempting to weigh these consequences against the chances of a similar disaster occurring again.
LINK
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