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Vote YES to Reversing President Obama's Offshore Moratorium Act
May 12, 2011
NTU urges all Representatives to vote “YES” on H.R. 1231, the Reversing President Obama’s Offshore Moratorium Act. Introduced by Rep. Hastings (R-WA) this bill will lift what has amounted to an Executive Branch ban on new offshore energy production and will establish a domestic oil and natural gas production goal.
In 2008, due in part to high gasoline prices, a Democratic Congress and President Bush each ended the decades-long ban on offshore energy production. The Obama Administration has since taken a troubling step backward, announcing a restrictive plan that effectively rules out new development along the entire Pacific Coast and Atlantic Coast, as well as significant portions of the Gulf of Mexico and Alaska. These actions have stifled the ability to bring the most promising portions of our vast energy resources online, cost America jobs, and forfeited revenue that could be used to pay down our debt.
By requiring that offshore leasing plans include lease sales in areas containing the greatest known reserves of oil and natural gas, H.R. 1231 would put an end to the Administration’s bureaucratic obstinacy. Furthermore, by requiring each five-year plan to lay out a production goal this bill would provide a benchmark to help lawmakers and citizens alike evaluate future regulatory policies and, if necessary, correct them.
Roll call votes on H.R. 1231 will be significantly weighted in our annual Rating of Congress and a “YES” vote will be considered the pro-taxpayer position.
If you have any questions, please contact
NTU Federal Government Affairs Manager Brandon Greife at (703) 683-5700