Breanne Deppisch of The Washington Examiner reports that the Department of Interior will renew the offshore oil and gas leasing program.
- This is good news for environmental stewardship and energy security.
- The offshore oil and gas leasing program, which was set to expire, provides billions of dollars to state budgets and funds key conservation and maintenance programs.
- The United States can boost energy security, lower costs for consumers, and protect the environment through domestic energy production.
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“A lapse in the five-year program could drive down production by roughly 500,000 barrels per day, according to a March analysis by the American Petroleum Institute and the National Ocean Industries Association.”
Read the full article here.
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