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YES on H.R. 1230, the Restarting American Offshore Leasing Now Act
May 12, 2011
NTU urges all Representatives to vote “YES” on H.R. 1230, the Restarting American Offshore Leasing Now Act. Introduced by Rep. Hastings (R-WA) this bill will reverse the calculated government inaction (and in many cases obstruction) of oil and natural gas lease sales in the Gulf of Mexico and offshore Virginia.
Since the passage of the Outer Continental Shelf Lands Act, offshore exploration, leasing and development have been determined through five-year plans. The current plan was created in 2007 and included lease sales off the coast of Virginia and Gulf of Mexico. In its determination to hamper the production of oil and gas while subsidizing its favored energy technologies, the Obama Administration has unjustly delayed or canceled two of the three offshore lease sales in these areas. As a result, the President’s budget predicts billions of dollars in lost lease sale revenue which could be used to address our budget deficit. Furthermore, the Administration’s obstructionism will needlessly delay American energy production, which will dampen job creation and economic growth for years to come.
H.R. 1230 will put a stop to the bureaucratic foot-dragging that is holding back our ability to utilize America’s vast stores of domestic energy and driving up prices for all energy consumers. Roll call votes on H.R. 1230 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