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Gulf of Mexico to Add 300,000 bpd in 2025, Offsetting Onshore Slowdown and Keeping U.S. Output at Record
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4 days ago
U.S. energy output climbed to a record high in 2024, edging 1% above the previous peak set in 2023, according to the Energy Information Administration. The gains spanned natural gas, crude oil, natural-gas liquids, biofuels, solar and wind. Industry consultancy Wood Mackenzie projects that deep-water fields in the Gulf of Mexico—dubbed the “Gulf of America” by President Donald Trump—will drive the next leg of growth, adding about 300,000 barrels a day of crude in 2025 and a further 250,000 barrels a day in 2026. The firm expects the region to account for the entire increase in U.S. oil supply in 2026 as onshore activity cools. The outlook comes amid falling crude prices and a shrinking onshore oil-rig fleet, even as natural-gas rigs quietly rise. Despite the softer market, Trump’s administration continues to press for expanded drilling to reduce energy prices and bolster domestic output. Energy Secretary Chris Wright said it is “unlikely” that national oil production will decline in 2026, contradicting a separate EIA forecast that assumes a drop unless prices fall sharply. Wright’s stance underscores the government’s confidence that new offshore projects can offset any slowdown on land.
Prediction markets for Gulf of America
If the Gulf of Mexico is renamed to the Gulf of America, will it be because…
Jan 8, 6:30 AMJan 20, 7:59 AM
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48
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17
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Will the NHC use the term "Gulf of America" to refer to the Gulf of Mexco in any 2025 tropical cyclone advisories?
Jan 21, 2:24 AMDec 1, 5:59 AM
97.28%chance
101246
OptionVotes
598
17
Will Trump change the name of D.C. from "District of Columbia" to "Dark Carnival" in his second term?
Jan 31, 10:35 PMJan 21, 5:59 AM
1.05%chance
71109
OptionVotes
973
10
Will any other country beside the USA officially update it's maps to also say Gulf of America by the end of 2025?
Apr 12, 6:00 AMJan 1, 4:59 AM
11.47%chance
19709
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278
36
At the end of 2025, will Google still display "Gulf of America" when "gulf of mexico" is searched?
Feb 12, 11:13 PMJan 1, 4:59 AM
95.33%chance
13642
OptionVotes
452
22
Will google maps say Gulf of America at the end of February 2029?
Feb 11, 12:23 AMMar 1, 4:59 AM
87.99%chance
16633
OptionVotes
271
37
Gulf of America is renamed again by mid 2035 (in Google maps)
Feb 14, 9:04 AMJul 1, 3:59 AM
86.05%chance
10334
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248
40
Will the Gulf of Mexico/America label change on Google Maps by the end of 2025?
Feb 18, 5:32 AMJan 1, 7:59 AM
27.23%chance
7186
OptionVotes
163
61
Will the next president of USA revert to Gulf of Mexico
Feb 11, 8:20 AMDec 31, 11:59 PM
37.8%chance
9137
OptionVotes
128
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