Congressman Poe Files Offshore Drilling Legislation
Bill Lifts Moratorium on Offshore Drilling
WASHINGTON, DC Congressman Ted Poe (TX-02) announced today that he filed the American Energy Independence through Offshore Drilling Act to achieve greater national energy independence by terminating the current moratorium on all oil and natural gas leasing activities for any area of the Outer Continental Shelf.
For over 20 years, Congress and the administration have been placing appropriations moratoriums on offshore drilling in about 90 percent of the Outer Continental Shelf, said Poe. We are the only country in the world that does not fully cultivate their oil and natural gas resources. There is absolutely no good reason why we cannot expand current offshore drilling in the Gulf of Mexico to the sacred coasts of Florida, California and the eastern seaboard. We should be drilling anywhere and everywhere there is oil. The American people have had enough of high gas prices and our governments unwillingness to take care of ourselves.
According to the US Department of the Interior, there are approximately 420 trillion cubic feet (Tcf) of natural gas and more than 86 billion barrels of oil yet to be discovered along the Outer Continental Shelf (OCS) in the lower 48 States. That is enough oil or natural gas to:
- Maintain current oil production for 87 years and current natural gas production for 68 years
- Produce gasoline for 116 million cars and heating oil for 47 million homes for 15 years
- Replace current imports from the Persian Gulf for 59 years
- Produce sufficient natural gas to heat 75 million homes for 60 years
- Supply current industrial and commercial needs for 29 years or supply electricity generating needs for 55 years
Congressman Poe filed similar legislation in the 109th Congress and supported numerous measures to increase domestic production of oil and gas resources. For more information on this issue, please click on this link: http://poe.house.gov/Issues/Issue/?IssueID=2287