Published on
Common Dreams

'Pronounced Recovery' for Oil Drilling in Gulf of Mexico

Common Dreams staff

The Deepwater Horizon on April 21, 2010. (U.S. Coast Guard photo)

In the face of any lessons learned from the 2010 BP oil disaster and the impacts climate change up, oil drilling in the Gulf of Mexico is booming.

Drilling permit approvals are back to pre-Deepwater Horizon levels, and the future holds   deeper wells held by a handful of big companies, according to an outlook on drilling in the Gulf from Quest Offshore, Texas-based deepwater oil and gas analysis and marketing group.

The future for the U.S. Gulf of Mexico is "bright," the group says, "with a pronounced recovery expected in all major market segments from drilling to subsea, floating production and marine construction."

The group sees a "robust outlook for deepwater development," and with new discoveries ultra-deepwater fields, the Gulf of Mexco continues to be the scene of the addiction to fossil fuels and our addiction to risk.

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Won't Exist.

Share This Article

More in: