Rep. Young Votes To Reverse OCS Moratorium
Washington, DC - Alaskan Congressman Don Young voted yes today on H.R. 1231 which will reverse President Obama's moratorium on offshore drilling. This bill requires the Administration to move forward with offshore lease sales in areas containing the most oil and natural gas. Based on the government's own estimates of our oil and natural resources, this will open up areas in the North and Central Atlantic Coasts, the Southern California Coast, and offshore Alaska. This bill also requires the Secretary to set specific production goals for five-year plans. For the 2012-2017 plan it sets a goal of 3 million barrels of oil per day and 10 billion cubic feet of natural gas per day by 2027. H.R. 1231 passed with a bipartisan vote of 243-179.
"Responsible exploration and development of our resources is the key to the economic future of this country," said Rep. Young. "As I said last night, wind power doesn't move our planes, trains, and automobiles. We are a fossil fuel nation, and we have the means to develop our fossil fuels in a responsible and efficient manner, while we look down the road to expanding our energy options. The majority of Americans support expanded offshore development and yet the Administration has kept these energy-rich areas under a moratorium.
"This isn't about politics; it's about the greater good. We are elected to represent the people, and the people have spoken. They don't want to send their hard-earned dollars overseas to countries that want to hurt us; they don't want to pay $5 for a gallon of gas; and they certainly don't want to be dictated to by extremists who are more concerned about their cause-of-the-day than trying to put food on their family's table. The time to develop our resources is yesterday, so that we may prosper again in our future."
According to the Congressional Budget Office, this bill will generate $800 million in revenue over the next 10 years. Additionally, economist Dr. Joseph Mason testified that this bill would create 250,000 jobs short-term and 1.2 million jobs long-term.