Posted August 20, 2015
Some observations on this week’s federal oil and natural gas lease sale in the Western Gulf of Mexico, reported with alarm by some media outlets because it wasn’t as large as other recent sales.
First, every lease sale is welcome. Access to U.S. offshore reserves represents opportunity for energy development, job creation, economic growth and greater American energy security. We need more offshore opportunities to support the strategic, long-term energy security of the United States – advanced by a robust offshore energy sector.
Posted March 19, 2014
This week’s central Gulf of Mexico lease auction, which saw oil and natural gas companies pledge more than $850 million in winning amounts, certainly helps support the United States’ status as an energy superpower. Developing more of our own oil and natural gas – and this week’s auction is a big step toward production – makes our country more energy secure, creates jobs and boosts the U.S. in global energy marketplace.
The potential benefits from future energy production from this week’s auctioned leases – jobs, economic growth and revenue for government – also suggest a couple of “what ifs”: What if the federal government included the Atlantic Outer Continental Shelf (OCS) in its next five-year leasing plan, the first step toward development in those areas? What if the U.S. opened more of the eastern Gulf to exploration and development?
Posted December 28, 2012
Posted April 1, 2011
Posted March 30, 2011
Jane Van Ryan
Posted November 16, 2009