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Restarting “the Engine”–Securing American Jobs, Investment, and Energy Security

Restarting “the Engine”–Securing American Jobs, Investment, and Energy Security

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Published by Jeffrey Dunetz

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Published by: Jeffrey Dunetz on Jul 22, 2011
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 An IHS Global Insight and IHS CERA ReportJuly 21, 2011
Restarting “the Engine” —
Securing American Jobs, Investment, and Energy Security
The Importance to the US Economy of Restarting the Offshore
 
For more information, contact
Je MarnSenior Manager Public RelationsJe.marn@ihscera.com(202) 463 8213Jim DorseySenior Manager Public RelationsJim.dorsey@ihsglobalinsight.com(781) 301 9069IHS Global Insight1150 Connecticut Avenue NWSuite 200Washington, DC 20036IHS CERA1150 Connecticut Ave NWSuite 400Washington, DC 20036
Copyright 2011 © IHS Global Insight (USA) Inc. and IHS CERA Inc. ALL RIGHTS RESERVEDTERMS OF USE. The accompanying materials were prepared by IHS Global Insight (USA) Inc. and IHS CERA Inc. (hereater IHS) and are not to beredistributed without prior written consent. IHS content and inormation, including but not limited to graphs, charts, tables, fgures, and data, are not tobe reprinted or redistributed without prior written permission rom IHS. Content distributed or reprinted must display IHS’s legal notices and attributionso authorship. IHS provides the materials “as is” and does not guarantee or warrant the correctness, completeness or currentness, merchantability, orftness or a particular purpose. All warranties o which are hereby expressly disclaimed and negated. To the extent permissible under the governinglaw, in no event will IHS be liable or any direct, indirect, special, incidental, lost proft, lost royalties, lost data, punitive, and/or consequential damages,even i advised o the possibility o same.No portion o this report may be reproduced, reused, or otherwise distributed in any orm without prior written consent.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source o inormation and insight in critical areas that shape today’sbusiness landscape, including energy and power; design and supply chain; deense, risk and security;environmental, health and saety and sustainability; country and industry orecasting; and commodities,pricing and cost. Businesses and governments around the globe rely on the comprehensive content,expert independent analysis and exible delivery methods o IHS to make high-impact decisions anddevelop strategies with speed and confdence. IHS has been in business since 1959 and became apublicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood,Colorado, USA, IHS employs more than 5,100 people in more than 30 countries around the world.IHS is a registered trademark o IHS Inc. All other company and product names may be trademarks otheir respective owners. Copyright © 2011 IHS Inc. All rights reserved.
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© 2011, IHS Global Insight (USA) Inc. and IHS CERA Inc.No portion o this report may be reproduced, reused, or otherwise distributed in any orm without prior written consent.
 
Restarting “the Engine” An IHS Global Insight and IHS Global Insight and IHS CERA Report
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PROjECT TEAM Authors
Mohsen Bonakdarpou
•
r,
Director, Consulting, Manufacturing and Services,IHS Global Insight
James Burkhard,
•
Managing Director, Global Oil, IHS CERA
Jim Diey,
•
Chief US Regional Economist, IHS Global Insight
David Hobbs,
•
Vice President, Global Research, IHS CERA
Sang-Won Kim,
•
Managing Director, Consulting, Energy and Natural Resources, IHS CERA
John W. Larson,
•
Vice President, Consulting, Public Sector, IHS Global Insight
Michael N. Marinovic,
•
Vice President, Consulting, Energy and Natural Resources,IHS CERA
Candida Scott,
•
Senior Director, Cost and Technology Group, IHS CERA
Leta Smith,
•
Director, Exploration and Production Trends, IHS CERA
Contributors
Project Manager.
•
 
Tabitha M. Bailey, Senior Associate, IHS Global Insight
Senior Account Executive. Linda Kinney,
•
IHS CERA
 Acknowledgments
We would like to thank all o the subject matter experts, technical experts, industry experts andanalysts that have contributed to this study. They are as ollows:John Barrett, Meaghan Casey, Erik Darner, Bob Flanagan, Scott Fleming, Paul Gallo, KarimJeaarqomi, Ray Kizer, Imre Kugler, Maria Kulikova, Joseph Michael, Shane Norton, Taner Sensoy,and Colin Ward.
IHS offers an independent assessment of the importance of the offshore oil and gas industryto the overall US economy. This research was supported by the Gulf Economic Survival Team(GEST). IHS is exclusively responsible for all of the analysis and content contained herein. Theanalysis and metrics developed during the course of this research is intended to contribute to thenational dialogue on the role of the offshore in terms of oil and gas production, employment,economic growth, and energy security.

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