Offshore oil - growing optimism with gas
The gas-rich Gulf of Mexico is on the rebound and there's growing optimism business conditions will continue to improve in 1994. Environmental regulations, such as the Clean Air Act and the Oil Pollution Act of 1990, are having a significant impact on oil an gas drilling and production. The Clean Air Act has increased the use of natural gas, which is helping bolster gas consumption from the Gulf of Mexico's reserves. In late December 1993, the Clinton administration unveiled its long-awaited gas and oil initiative aimed at boosting markets for domestic natural gas and oil while developing a long-term strategy to reduce the nation's dependence on imported energy. This article examines the political and economic issues of concern to the oil and gas industry, and how international competition affects development in the Gulf.
- OSTI ID:
- 5245361
- Journal Information:
- Sea Technology; (United States), Vol. 35:1; ISSN 0093-3651
- Country of Publication:
- United States
- Language:
- English
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GULF OF MEXICO
NATURAL GAS DEPOSITS
NATURAL GAS
RESOURCE DEVELOPMENT
NATURAL GAS INDUSTRY
ECONOMIC ANALYSIS
POLITICAL ASPECTS
DRILLING
ATLANTIC OCEAN
CARIBBEAN SEA
ECONOMICS
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
INDUSTRY
INSTITUTIONAL FACTORS
MINERAL RESOURCES
RESOURCES
SEAS
SURFACE WATERS
030600* - Natural Gas- Economic
Industrial
& Business Aspects
030300 - Natural Gas- Drilling
Production
& Processing