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(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. As a regulator of the nation’s largest oil and natural gas producing state, I’ve seen these scary headlines many times before, but here’s the good news: they are always wrong. He was right—for a time.
In addition, the proposed regulations provide that BOEM would also consider the proved oil and gasreserves on the lease and the financial strength of predecessors in determining whether additional security was required. The party’s co-lessee has an issuer credit rating or proxy credit rating that meets the criteria in (1) above; Or.
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