Increasing access to domestic sources of oil and natural gas, including Florida, is critical to putting our nation on the road to economic recovery and to meeting the energy needs of American consumers.
Greater access to domestic energy resources could generate $1.7 trillion in government revenue, create more than 530,000 new jobs by 2025 and enhance America’s energy security by significantly boosting energy production.
The Bureau of Ocean Exploration and Management (BOEM) estimates that 89.9 billion barrels of oil (Bbl) and 404.6 trillion cubic feet (tcf) of gas have yet to be discovered on the U.S. Outer Continental Shelf (OCS). And those estimates use technologies that are over 30 years old. We may discover an even greater abundance of oil and natural gas.
- Over 5 Bbl of oil and 16 tcf of gas are estimated to be in the eastern Gulf of Mexico.
America need policies that will allow domestic companies to develop oil and natural gas resources here in the United States.
With advances in technology and stringent standards and procedures based on decades of experience, the industry can safely and efficiently develop our domestic resources and create jobs, revenue and energy security for our nation.
The administration and Congress should listen to the American people, and create the energy policies our nation needs.