Search Results for offshore-drilling
13 item(s) were returned.
Discussion

From 6% to 90% — The New Offshore Drilling Plan

Author(s): Lorena Roque
MPP Candidate
George Washington University
Date: June 4, 2018 at 9:44 AM

In January, the Bureau of Ocean Energy Management (BOEM) released its “America-First Offshore Energy Strategy,” as part of the 2019-2024 National OCS Oil and Gas Leasing Draft Proposal Program (DPP). While the Obama Administration’s 2017-2022 program opened up only 6% of total outer continental shelf (OCS) acreage to resource exploration and development, the 2019-2024 Program proposes to open up approximately 90%. The BOEM estimates the U.S. OCS has about 90 billion barrels of undiscovered oil and 327 trillion cubic feet of undiscovered, natural gas. If implemented, the 2019-2024 DPP would dramatically expand America’s capacity for offshore oil and gas drilling,… [more]

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Discussion

Arctic Potential: Realizing the Promise of U.S. Arctic Oil and Gas Resources

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: June 17, 2015 at 10:58 AM

Full Title: Arctic Potential: Realizing the Promise of U.S. Arctic Oil and Gas Resources Author(s): National Petroleum Council Publisher(s): National Petroleum Council Publication Date: 03/2015 Full Text: ->DOWNLOAD DOCUMENT<- Description (excerpt): The Arctic is home to distinct indigenous peoples and provides habitat for large numbers of birds, mammals, and fishes. While some areas of the Arctic, such as the central North Slope of Alaska around Prudhoe Bay, have seen decades of economic activity, much of the region remains largely unaffected by human presence. Today, there is increasing interest in the Arctic for tourist potential, and reductions in summer ice provide an increasing opportunity for marine traffic. At the same time,… [more]

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Discussion

What Are the Costs and Benefits of Offshore Drilling in the Arctic?

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: April 2, 2013 at 1:51 PM

The increased focus on oil and gas exploration in the Arctic has identified numerous issues. Oil and gas exploration is a significant challenge for policy makers at all levels of government. In the recent Review of Shell’s 2012 Alaska Offshore Oil and Gas Exploration Program, the Department of Interior identified seven critical principles for safe and responsible offshore drilling, including improved management of contractors and integrated government oversight. It has been noted that with the substantial oil and gas resources believed to exist in the Arctic, geopolitical considerations will greatly impact domestic policy. A Center for Climate and Energy Solutions… [more]

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Discussion

Aligning Federal Policy with America’s Energy Priorities: A Blueprint

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: February 11, 2013 at 7:00 AM

Last week Senator Lisa Murkowski (R-AK), the senior Republican on the Senate Energy and Natural Resources Committee, published a blueprint for energy policy, titled “Energy 20/20: A Vision for America’s Energy Future.” The blueprint offers ideas to “align federal policy with… our national interest to make energy abundant, affordable, clean, diverse, and secure.” Among the main ideas in Sen. Murkowski’s blueprint are: Establishing a national goal to become independent of OPEC imports by 2020 by increasing domestic oil, biofuel and synthetic fuel production. Approving the Keystone XL pipeline. Opening the Arctic National Wildlife Refuge to oil and gas drilling and… [more]

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Discussion

Romney Camp Unveils Energy Plan

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: August 28, 2012 at 7:48 AM

Last week, GOP presidential candidate Mitt Romney announced his energy platform, which emphasizes the goal of U.S. energy independence through increased offshore drilling, particularly in the mid-Atlantic, an “energy partnership” with Mexico and Canada, and through greater control over energy production on federal lands for states. “States are far better able to develop, adopt and enforce regulations based on their unique resources, geology and local concerns,” said Romney. Enacting these policies would lead to over $1 trillion in revenue for federal, state, and local governments, more than 3 million new jobs, and a resurgence in U.S. manufacturing, according to the… [more]

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Discussion

House Pushing Offshore Drilling

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: July 24, 2012 at 8:04 AM

House leadership is planning a vote this week on a bill to expand leasing for offshore drilling, the “Congressional Replacement of President Obama’s Energy-Restricting and Job-Limiting Offshore Drilling Plan” (H.R. 6082). As E&E News reports, the bill would “expand future offshore leasing to almost all of the Atlantic Ocean, the southern Pacific and Alaska’s Bristol Bay, all areas that were excluded from Interior’s final five-year leasing plan.”  The bill would also double the number of sales in the Department of Interior’s plan and accelerate by three years sales Interior plans in Alaska’s Chukchi and Beaufort seas. Some have criticized the… [more]

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Discussion

The BP Gulf Coast Oil Spill, Option Value, and the Offshore Drilling Debate

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: April 5, 2012 at 11:52 AM

Full Title:  The BP Gulf Coast Oil Spill, Option Value, and the Offshore Drilling Debate Author(s): Institute for Policy Integrity Publisher(s): Institute for Policy Integrity Publication Date: 4/2011 Language: English Length: 22 pages, PDF Full Text: –>DOWNLOAD FILE<– Description (excerpt): In the wake of recent unrest in the Middle East, rising gasoline prices have politicians from both parties scrambling to ramp up domestic oil production. Perhaps ironically, this scramble coincides with the one year anniversary of the BP Gulf Coast Oil Spill, the single largest offshore oil spill in history. This regulatory report examines the economics of increased domestic oil… [more]

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Discussion

Tax Breaks for Oil Companies

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: March 30, 2012 at 7:25 AM

A Senate bill that would have cut $24 billion in tax breaks to oil companies over 10 years was blocked by Republicans yesterday. The bill, endorsed by President Obama hours before the vote, would have used $11.7 billion of the $24 billion to extend renewable energy tax credits and fund clean energy initiatives. The remainder would have gone toward deficit reduction. Critics of the bill have said that it would do nothing to reduce gas prices. Would legislation like this impact gas prices in the short- to medium-term? Should the U.S. remove subsidies from one industry in order to subsidize… [more]

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Discussion

U.S., Mexico Reach Gulf Drilling Agreement

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: February 22, 2012 at 8:38 AM

U.S. and Mexican negotiators on February 20th reached a deal – called The Transboundary Agreement – that would regulate oil and gas development along the countries’ maritime border in the Gulf of Mexico. The Agreement would allow each country to oversee the environmental and safety protocols of the other, and could by June open 1.5 million acres of U.S. offshore territory for oil and gas development. The U.S. Interior Department estimates that the area in question “contains as much as 172 million barrels of oil and 300 billion cubic feet of natural gas, relatively modest amounts by the oil-rich gulf’s… [more]

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Discussion

Oil and Gas Bills Advance to House

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: February 3, 2012 at 8:43 AM

Three House bills that would greatly expand U.S. oil and gas development – H.R. 3407, H.R. 3408, and H.R. 3410 – were approved by the Natural Resources Committee on February 1, 2012. H.R. 3407 would open up vast areas of Alaska’s coastal plain to oil leasing. H.R. 3408 would expand shale oil development in several Western states. Many Democrats opposed the bill, arguing that the environmental, social, and geologic risks of shale oil development are not yet well understood. The committee voted down a Democratic amendment that would have required the USGS to study oil shale development impacts on water… [more]

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