In a report on the effects of the Obama Administration’s continuing non-moratorium on drilling in the Gulf of Mexico, energy consultancy IHS-CERA revealed today its findings that returning oil and gas activity to the pace that it was on before the BP oil spill would result in the creation of 230,000 new jobs in 2012 and add $44 billion to the U.S. economy.

The effect would be felt far from the Gulf coast states — with manufacturing centers like Pennsylvania and Ohio enjoying more business. Additionally, IHS-CERA determined that a return to activity levels would generate $22 billion in direct wages, unlock $19 billion a year in pent-up capital investment, and create $6 billion a year in royalties and tax payments.

Setting the record straight on the administration’s insistence that the new Bureau of Ocean Energy Management is getting oil and gas operators back to work in the Gulf, IHS-CERA looked at the pace of permitting in the six months since the moratorium was officially “lifted.” They found that relative to activity before the spill, there’s been an 86% plunge in plans approved by regulators, a 38% increase in the time taken for the plans that did get through to be approved, and a 60% drop in the number of drilling permits issued.

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