It’s easy to wonder why the oil and gas industry has been getting so worked up in recent months, holding rallies and podcasts and the like about proposed restrictions on the industry.
Certainly the US government did impose a moratorium in the Gulf of Mexico. But that was in reaction to an event – the Macondo well explosion. The reality is that the US government in general – either Congress or whoever is running the administration – has made a lot of threats over the years and yet none of them have turned into anything substantial. Look how far climate legislation has gone.
That said, there does seem to be a sign that things might be changing on some level – and not for the better if you happen to make your living in the oil and gas industry.
