Benefits of expanding offshore oil and natural gas development benefits highlighted during House hearing
July 12, 2017
A House subcommittee convened an oversight hearing on Wednesday to review the status of oil and gas leasing and drill permitting processes on the outer continental shelf (OCS), where panelists said expanding access would lead to more jobs and increased revenues for states and the federal government.
"Much of our nation's offshore resources have not been evaluated in more than 30 years - inhibiting our regulators' ability to make informed decisions," said U.S. Rep. Paul Gosar (R-AZ), chairman of the House Natural Resources' Subcommittee on Energy and Mineral Resources. "In order to adequately manage our energy inventory, meet future demand and ensure national security, it's imperative we survey the seismic surveying permitting process in the Atlantic and Pacific Oceans."
The offshore oil and gas industry supports millions of American jobs, and allows the country to meet domestic and international demand.
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