GoM activity ?congested? by regulatory oversight, finds IHS study - Offshore

GoM activity ?congested? by regulatory oversight, finds IHS study - Offshore: "GoM activity ?congested? by regulatory oversight, finds IHS study"
Really?????

The study looks at the plan and permit levels in the six months following the lifting of the deepwater activity moratorium in October 2010. The analysis finds the following:

• 250% increase in the backlog of deepwater plans pending governmental approval

• 86% drop in the pace of regulatory approvals for plans

• 60% drop in all GoM drilling permits

• 38% increase in the time required to reach each regulatory approval required.