Gulf of Mexico Oil Production Faces Regulatory Crisis as Endangered Species Guidelines Loom
A brewing dispute over oil production in the Gulf of Mexico has raised concerns in Washington. U.S. regulators must update guidelines to protect endangered species, potentially impacting 15% of the country’s crude oil output. A court ruling demands a revised scientific assessment by December 20, threatening to halt oil and gas production in the region. Industry stakeholders are working to find solutions to the looming crisis.