Expanding Offshore Drilling Boosts American Economy, Creates Jobs

Last year, following a dramatic price spike in gas prices and very vocal call by the American people to increase American-made energy, Congress and then-President George W. Bush ended a decades-long ban on offshore drilling.  Even though the Department of the Interior has jurisdiction over our coasts, Congress had used its power to spend to eliminate offshore drilling by restricting the funds necessary to develop offshore drilling.  After President George W. Bush lifted the Executive Order banning offshore drilling in July, Congress followed suit by no longer restricting funding for offshore drilling projects in the appropriations packages.

However, more than a year later, we have still not progressed on this because of delays imposed by the Obama Administration.  In March, President Obama announced that he would extend the comment period another six months.  That comment period ended on September 21st, but in a move signaling what could be an indefinite delay, Interior Secretary Ken Salazar announced that it could be 2012 before the administration decided whether or not it would allow offshore drilling.

The American people, the United States Congress, and the White House made it very clear last summer they wanted to develop the energy resources off our coasts.  Instead of following the will of the people and this Congress, however, the Obama Administration has used one stall tactic after another to delay drilling as long as possible.  Drilling in the outer-continental shelf will not only decrease the cost American families pay for energy, it will also create jobs, encourage economic growth, bring in much-needed revenues to many coastal states, and will help us break our dangerous reliance on foreign oil. 

According to the American Energy Alliance Report, drilling in the outer-continental shelf would generate $8 trillion in economic output and 1.2 million jobs annually across the country.  At a time when unemployment is near 10 nd our dependency on foreign oil continues to cost Americans money, jobs, and national security, we cannot turn our backs on offshore drilling.  Now is the time to begin expanding all our American-made energy options, and that includes drilling on the outer-continental shelf.

Recent Posts


Jun 17, 2024
National Security

Lucas Votes for NDAA on 249th Birthday of U.S. Army

Washington, DC – Congressman Frank Lucas (OK-03) released the following statement after the U.S. House of Representatives passed the FY25 National Defense Authorization Act (NDAA). Lucas voted in favor of the legislation.   “Today, on the 249th birthday of the U.S. Army, House Republicans fulfilled our duty to support America’s servicemembers and bolster our national security. Not only […]



Jun 3, 2024
Agriculture

Lucas Statement on Farm Bill

Washington, D.C. – Congressman Frank Lucas (OK-03) released the following statement after the House Committee on Agriculture completed its markup of the next Farm Bill: “I applaud Chairman Thompson for completing the gargantuan task of passing this Farm Bill out of Committee. As a former Chairman of the House Ag Committee, I know firsthand just how […]



May 16, 2024
Economy

Lucas: Basel Endgame Will Penalize Central Clearing

Washington, D.C. –  At today’s House Financial Services Committee hearing, Congressman Frank Lucas (OK-03) questioned FDIC Chair Gruenberg and Federal Reserve Vice-Chair Barr on the consequences of the Basel Endgame proposal. Specifically, Congressman Lucas brought to attention his concern that the Basel requirements will constrain the capacity of banks to offer central clearing. He has previously pressed this […]