Volume 47| December 22, 2017
The Gulf Economic Survival Team would like to wish you a Merry Christmas, a safe and happy holiday season and a peaceful and prosperous new year!
A Year to be Grateful
We close out 2017 with a renewed sense of optimism for the offshore oil and gas industry, especially in the Gulf of Mexico.  A new administration who supports oil and gas industry is off to a tremendous start in reshaping burdensome regulations and considering policies that will increase offshore investments and ultimately create more American energy and American jobs. Below are just a few of the stories that have brought upon this optimism.

Trump Champions American Energy
President Trump and U.S. Department of the Interior Secretary Ryan Zinke have demonstrated their full support for the oil and gas industry.
 
In April of this year, Trump signed an Executive Order to expand offshore drilling. When signing, he stated,  "Today we're unleashing American energy and clearing the way for thousands and thousands of high-paying American energy jobs."
 
GEST is excited for the opportunities that lie ahead under President Trump and Secretary Ryan Zinke as they continue to support our oil and gas industry. 
New BSEE Leadership
Mid-year the industry was fortunate to have Scott Angelle appointed to the top offshore regulatory position as the Director of the Bureau of Safety and Environmental Enforcement (BSEE).
 
Director Angelle has extensive oil and gas experience and understands the industry better than anybody. In just the first six months, he has worked tirelessly to engage various stakeholders to ensure our country develops our offshore resources while maintaining safety and protecting our environment. We are excited to continue to work with BSEE in 2018 to reshape regulations and develop policies that will increase investments in the Gulf of Mexico.
Oil Prices End on a High Note
Oil prices fluctuated quite a bit in 2017 and ended higher than where we were at mid-year. Although we can't control commodity prices, companies are continuing to be more efficient, as the Gulf of Mexico is still a huge interest of business. The Gulf has vast amounts of natural resources and as new technology emerges, we are hopeful that drilling activity will also be on the rise soon.
Click on the chart below to see how oil prices have risen throughout the year
Via Markets Insider:
2019-2024 Outer Continental Shelf Plan
BOEM is set to soon release its 2019-2024 National Outer Continental Shelf Oil and Gas Leasing Draft Proposed Program. Under this administration, we are optimistic that BOEM will expand the Outer Continental Shelf (OCS) for more access to offshore exploration and drilling. With 94% of the OCS off limits, it is time to open them for our country's potential in being energy dominant.


Keep up with GEST for further details &

Help be the Gulf's Voice    
In the Gulf of Mexico we are proud to produce the energy to fuel America, to generate the revenues for the U.S. treasury, and to create thousands of good paying American Jobs. We stand together to be
Gulf Proud. Energy Strong
Gulf Economic Survival Team | 985-448-4485 | gulfeconomicsurvival.org
STAY CONNECTED
View our most recent news at