A temporary U.S. federal moratorium on new oil and natural gas leases has been in place since January to review new fossil fuel leasing and permitting practices. Our oil and gas expert weighs in on the impact of the moratorium on global production and supply in a story on Rigzone.

Extract from the article: “In case of a moratorium in the U.S. offshore Gulf of Mexico federal region or complete ban on new leases, the impact would not be felt immediately but may have serious ramifications on production and investments after four to five years.”