Anti-Drilling Policies Costing Federal Government Billions in Lost Revenue | The Foundry: Conservative Policy News.

Anti-Drilling Policies Costing Federal Government Billions in Lost Revenue | The Foundry: Conservative Policy News.: "Production in the Gulf of Mexico — which normally accounts for about 30 percent of all U.S. production — is expected to drop this year by 220,000 barrels per day, according to projections from the U.S. Energy Information Administration.

With oil currently at $90 a barrel and the royalty rate at 18.75 percent, that equals $3.7 million in lost revenue each day."