Industry Statistics Compiled on Anniversary of BP Oil Spill Highlight the Importance of Sen. Vitter’s Challenge to Obama Administration

Here on the one-year anniversary of the British Petroleum oil well explosion, the Institute for Energy Research (IER) and the American Petroleum Institute (API) have pulled together a few key statistics that call out for a major overhaul of U.S. energy policy.

President Obama often speaks of his concern for this affected by the Gulf oil spill, but the restrictions and provisos he has attached to the permitting progress has slowed the economic recovery.

Although no part of the country is immune to a self-imposed energy freeze, the Gulf of Mexico region is particularly vulnerable. Here’s why:

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