Dec 20, 2016 Arctic, Atlantic Offshore Ban Reduces America’s True Energy Potential
President’s last-minute decision hurts local and rural communities that need affordable, abundant U.S. energy supplies the most.
WASHINGTON, D.C. – Independent Petroleum Association of America (IPAA) Senior Vice President of Government Relations and Political Affairs Dan Naatz issued the following statement on President Obama’s decision to ban offshore drilling for the Arctic and Atlantic Ocean before he leaves office:
“We are extremely disappointed in President Obama’s eleventh hour decision to shut down economic development and lock away America’s true energy potential for communities that need it most – and the real jobs, royalty dollars, and national energy security that come along with it. President Obama’s puzzling actions fly in the face of what his own Energy Information Administration and international data analysts confirmed: the demand for oil and natural gas will continue to grow until 2040, if not beyond.
“Instead of building on our nation’s position as a global energy leader, today’s unilateral mandate could put America back on a path of energy dependence for decades to come. We disagree with this last-minute political rhetoric coming from the Obama Administration and contest this decision by the outgoing administration as disingenuous. With exactly one month left in office, President Obama chose to succumb to environmental extremists demands to keep our nation’s affordable and abundant energy supplies away from those who need it the most by keeping them in the ground.
“IPAA looks forward to working with the Trump Administration on new job-creating solutions that will balance thoughtful, environmental protections with safe, responsible energy production and the tremendous economic and consumer benefits that come along with it.”
About the Independent Petroleum Association of America
The Independent Petroleum Association of America (IPAA) is a national upstream trade association representing thousands of independent oil and natural gas producers and service companies across the United States. Independent producers develop 90 percent of the nation’s oil and natural gas wells. These companies account for 54 percent of America’s oil production, 85 percent of its natural gas production, and support over 2.1 million American jobs. Learn more about IPAA by visiting www.ipaa.org and following @IPAAaccess on Twitter.