A lot has happened since the Gulf of Mexico hit peak oil production in 2009. Around that time oil prices had plunged as the world hit the deepest financial crisis since the Great Depression. The Gulf then was besieged with a crisis of its own as the Deepwater Horizon disaster in the spring of 2010 put the Gulf’s oil production growth on hold. That hold lasted a lot longer than expected as the shale revolution in the U.S. took a lot of capital and attention away from the Gulf. However, the Gulf of Mexico is about to make its way back in a big way as several new projects are about to push the Gulf past its previous production peak as its on pace to set a new record in 2016. The question that remains is if it can keep up its momentum this time, or if it production will […]