As geopolitical tensions rise and energy prices continue to climb higher, both in the U.S. and across Europe, the world is looking to America for energy leadership and stability. Instead, this administration continues to restrict access to America’s oil and natural gas resources, and legal and regulatory uncertainty is hindering increased energy production right here at home.
Just look at the current situation in Europe. It is an example of what can happen when nations depend on energy production from foreign sources that have agendas of their own.
However, unlike Europe, the U.S. has robust domestic production. Especially as concerned American families watch energy prices rise, they look to our nation’s leaders for help ensuring access to affordable, reliable energy. These same leaders have the power to support U.S. production and energy infrastructure – for example – which would send a clear message that America is open for energy investment.
So, how does this relate to energy operations in the Gulf of Mexico?
- The next 5-year offshore leasing program, which must be in place by July 1, 2022, is well behind schedule and will not be finalized by the time the current one expires. Without a new 5-year program, no federal offshore lease sales can be held.
- Energy operations in the Gulf of Mexico impacts new and existing jobs. In 2021, oil and natural gas production in the Gulf of Mexico supported more than 325,000 American jobs.
- Progress towards carbon goals. U.S. oil and natural gas produced in the Gulf of Mexico is among the lowest carbon intensive barrels produced in the world, according to a U.S. Department of the Interior analysis that shows emissions from international substitutions are more carbon intensive.
Simply put: America needs an energy policy reset in order to continue offshore leasing and production, support American jobs, and maintain our energy security.
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