Gulf of Mexico Production Down, U.S. Oil Imports Up
The Obama administration's current policies could easily see GOM production fall by a total of between 400 and 500,000 b/d over the next 2 years for those that are used to thinking about the numbers in those terms.
So the guys in the Bakken had better not let up one bit if they are to offset this loss.
Matter of fact, as total Bakken production increaes, it gets much more difficult to move the dial in those types of unconventional plays.
There will come a point soon whereby just keeping production flat in the Bakken will become a serious challenge.
And it will be impossible if Obama's EPA hounds go after the Bakken producers because of overblown risks related to fracking as they are likely to do.