Gulf Of Mexico Oil Production

I was rummaging through the EIA website this morning, something I have been remiss about lately, which is perhaps the best, most unbiased source of information on energy resources. I found a series of data on Gulf of Mexico oil production which I found quite intersting, especially after graphing the data. It is unclear if this is total Gulf of Mexico production (U.S. and Mexico combined) or just U.S. production, but from this data, it is becoming clear that Gulf of Mexico production has peaked, and has started it's decline. The black line is total production, but what is really frightening is the red line, which represents production in waters less than 200 meters deep. The blue line is production in waters greater than 200 M deep, which, obviously, is more expensive and riskier. For the "drill, baby, drill" crowd, this should be pretty sobering news.