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April 28, 2017

White House Puts Offshore Resources Back in the Game

April 28, 2017
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WASHINGTON – Institute for Energy Research President Thomas Pyle issued the following statement on President Trump’s plan for renewed offshore energy development in the U.S.:

“President Trump has made it clear that he wants to unlock America’s vast energy resources and reinvigorate the economy. The president’s decision to review the Obama administration’s anemic offshore leasing program and open up Arctic waters for energy exploration is an important step toward that goal.

“America’s offshore oil and gas resources have been held under lock and key for too long. In fact, the Interior Department only leases one percent of offshore areas—leaving vast amounts of our energy resources off the table. The U.S. Arctic alone holds an estimated 27 billion barrels of oil and 132 trillion cubic feet of natural gas.

“The American people deserve better than the keep-it-in-the-ground policies of the previous administration. They deserve to see the benefits of developing these resources, including more jobs, higher wages, and a stronger economy.

“A long process awaits, but the merits of President Trump’s decision are clear. Opening these offshore areas delivers a strong message that America’s energy resources are back in the game.”

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  • ChiThom…

    Obama and fracking has already put America “back in the game” to the extent that the Saudis have lowered the prices in retaliation. Now fracking is no longer viable unless gas prices go back to $4.00 per gallon. Offshore drilling has run into similar consequences.

  • ChiThom…

    are the moderators deleting all the comments, or am I really the only one who is interested in this?

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