WASHINGTON, D.C. – Independent Petroleum Association of America (IPAA) President and CEO Barry Russell issued the following statement in response to the passage of H.R. 6082, the House of Representatives’ replacement of the Obama administration’s five-year Outer Continental Shelf plan:
“IPAA applauds the passage of H.R. 6082, the pro-growth strategy for American offshore energy development proposed by the House of Representatives. This plan would replace the Department of Interior’s five-year offshore plan, proposed in June, which is simply insufficient. The administration’s plan does not encourage jobs; it does not permit expanded energy production; it does not lead our nation towards energy independence. The Interior plan follows the same tired plan for American offshore exploration that has been pursued for more than a generation.
“On the other hand, the House plan opens up new areas for exploration of our nation’s rich resource potential offshore. It allows for states that have been yearning to explore their energy potential – states like Virginia – to tap into the energy and economic renewal that has been sweeping the nation. Development of offshore oil and natural gas would revitalize coastal economies from Southern California to South Carolina, and the economic benefits would ripple from coast to coast, across the nation.
“IPAA has supported H.R. 6082, because it does what any sensible energy policy aims to do. It encourages the safe exploration of America’s vast offshore energy resources while ensuring environmental protection with required environmental impact statements and protecting our nation’s defense by safeguarding offshore military operations. Above all, H.R. 6082 propels our nation forward on the path toward energy independence and positions the U.S. as a global leader on the international energy stage.”
IPAA represents the companies that drill 95% of America’s oil and natural gas wells.