"Rather than expand government, public policy should end preferential subsidies for politically favored energies and privatize such assets as public-land resources and the Strategic Petroleum Reserve. Multibillion-dollar energy programs at the U.S. Department of Energy should be eliminated. Such policy reform can simultaneously increase energy supply, improve energy security, reduce energy...
US Potential Opportunites Associated with the Activity Gap
"The slower pace of approvals and regulatory uncertainty makes the Gulf of Mexico less attractive when competing with other investment opportunities and as a result assets and capital will move to other prospective areas of the world. A sustained slowdown in the Gulf of Mexico is already having a negative impact on job creation and domestic oil production, and will do so even more in 2012.
The potential opportunities associated with a proactive approach by regulators to successfully restart the Gulf of Mexico 'engine' are significant (see Table ES-1)."