Jun 9, 2009 IPAA Responds to Senate Committee Passage of the Dorgan Amendment to Expand Access to Energy-Rich Areas of Eastern Gulf of Mexico
WASHINGTON – Barry Russell, president and CEO of the Independent Petroleum Association of America (IPAA), issued the following statement today subsequent to Senate committee passage of the Dorgan amendment, an effort that seeks to expand responsible access to energy-rich areas in the eastern Gulf of Mexico currently under statutory lock-and-key:
“Today the Senate Committee on Energy and Natural Resources answered the call of the American people by passing Sen. Dorgan’s amendment to allow the development of American natural gas and oil in the eastern Gulf of Mexico in an environmentally safe manner.
“What that means in practice is the potential for vast new energy to come online quickly – which in turn means thousands of additional jobs, billions in new revenues, and a significant lessening of our dangerous dependence on foreign energy. In the eastern Gulf, we’re talking about an area with trillions of cubic feet of American gas, and potentially billions of barrels of American oil. And the best part is: every bit of it resides in areas in proximity to existing pipelines and needed infrastructure.
“America’s independent oil and gas producers stand ready and able to deliver that energy, using 21st century practices and technology that allow us to produce more with less, all while keeping our environment safe. This effort advances this larger energy debate in the proper direction.