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.
“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.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
