The Department of Interior’s proposed Outer Continental Shelf Oil and Gas Leasing Program opens up
new areas for energy exploration—areas within our own country so that we can get energy for America, from America.
This proposed program is essential for reducing America’s reliance on unfriendly nations, ensuring that
we have the energy resources to be financially vibrant and prosperous for years to come.
- Lower Energy Costs
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The Department of the Interior (DOI) has proposed 31 new offshore areas to drill located around the country. Geologists estimate that in these areas we will find, at minimum, 86 billion barrels of oil and 420 trillion cubic feet of natural gas. That is over 39 times the amount of oil the United States imports from OPEC each year. This increase in supply would result in lower gas prices and home heating costs for you and your family.
- More American Jobs
- According to a 2008 Heritage Foundation study, increasing domestic oil production by 1 million barrels per day would generate 128,000 jobs. At 2 million barrels per day, that figures jump to 270,000.
- Increased State Revenues
- Increasing America’s domestic oil production would help states that are struggling to close their annual budget deficit. Developing just a portion of our nation’s abundant offshore energy resource base would generate millions of new jobs and billions in additional tax revenue and royalties.
- Increased Energy Access
- America imports more than 10 million barrels of oil per day, despite holding vast, untapped reserves. No other country in the developed world with access to an outer continental shelf has even considered locking its abundant resources away, and Americans should make full use of the resources available to it.