WhatFinger
CFPSubcribe

Economic rejuvenation by opening up our taxpayer owned energy resources

DOI Proposal Will Put American Energy Resources to Work for the American People


By —— Bio and Archives--January 5, 2018

Global Warming-Energy-Environment | Comments | Print Friendly | Subscribe | Email Us

Outer Continental Shelf (OCS) to energy exploration
WASHINGTON —The Institute for Energy Research supports the Department of the Interior’s proposal to open vast expanses of the Outer Continental Shelf (OCS) to energy exploration. IER President Thomas J. Pyle has issued the following statement:

“The United States has at its feet stores of energy resources that could potentially remake world markets. The leadership of this administration is now moving us closer than we’ve ever been before to realizing our enormous energy production potential. Whereas the previous administration sought to keep resources out of our reach, President Trump and Secretary Zinke are putting our resources to work for us.”

 

“This Draft Proposed Program is just the first important step, so precise economic benefits are not available yet, but according to IER’s December 2015 study, the gains in total economic output which could accrue from the opening of these offshore areas are substantial.

“Mason’s work concludes that the opening of the Atlantic OCS, the Pacific OCS, ANWR, and the Eastern Gulf areas would result in an overall increase in economic output of $153 billion annually. Additions to employment also have the potential to be significant. Along with job creation in the energy sector, opening these areas to leasing will create jobs in ancillary industries that support the energy sector as well as seemingly-unrelated industries located in regions where oil and gas industry earnings make up a substantial share of local economic activity. In total, Mason estimates over half a million jobs could be added in the long run from opening the aforementioned areas.

“The United States is an energy superpower, but tapping into that potential requires a leasing program that opens new areas for exploration. This Draft Proposed Program gives us that opportunity.

“We’ve seen an energy renaissance over the last decade on state and private lands; now our executive branch is enabling enterprising companies to bring us a similar economic rejuvenation by opening up our taxpayer owned energy resources. The positive effect for industry, our economy, and families across this country could be monumental.”


Please SHARE this story as the only way for CFP to beat Facebook anti-Conservative Suppression.

Only YOU can save CFP from Social Media Suppression. Tweet, Post, Forward, Subscribe or Bookmark us

Institute for Energy Research -- Bio and Archives | Comments

The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.


Commenting Policy

Please adhere to our commenting policy to avoid being banned. As a privately owned website, we reserve the right to remove any comment and ban any user at any time.

Comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal or abusive attacks on other users may be removed and result in a ban.
-- Follow these instructions on registering: