Home > newsroom > Page
***NEW TODAY*** EIA Short Term Energy Outlook: Gulf of Mexico Production Down, U.S. Oil Imports Up


WASHINGTON, D.C., March 8, 2011 - Today, the Department of Energy’s independent U.S. Energy Information Administration (EIA) released their latest Short Term Energy Outlook for projected crude oil production in the Gulf of Mexico (GOM) and net U.S. imports (see charts below). Despite the misleading comments made by Interior Secretary Salazar last week, GOM crude oil production has continued to significantly decline since the Obama Administration’s de facto moratorium. EIA’s latest numbers also show the Obama Administration’s anti-energy policies have made us more vulnerable to energy price spikes as we have become increasingly reliant on unstable foreign energy.

“The numbers don’t lie—it’s clear that this Administration is taking U.S. energy policy in exactly in the wrong direction. Gas prices are closing in on $4 per gallon and thousands of people are out of work in the Gulf because of the de facto moratorium on drilling permits,” said Natural Resources Committee Chairman Doc Hastings. “Unemployment is only going to get worse as this Administration’s policies continue to increase the cost of gasoline, which trickles down to every sector of our economy. We need to use our resources to produce American made energy, create good jobs, and insulate ourselves from uncontrollable energy prices spikes.”

###

Printable PDF of this document


Contact: Jill Strait, Spencer Pederson or Crystal Feldman 202-226-9019

Latest News

Chairman Bishop’s Opening Statement for Full Committee Markup of H.R. 5278

Today, during the Committee’s markup on H.R. 5278 (Rep. Sean Duffy), the “Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA),” Chairman Rob Bishop (R-UT) delivered the following s...... Read more

National Park Service Chief Misled Inspector General Investigators, Lied to Interior Secretary and Promoted Other Agency Violators

Today, the Subcommittee on Oversight and Investigations held an oversight hearing on the “Culture of Corruption” at the Department of the Interior (DOI). During the hearing, Mary Kendall, DOI Deputy I...... Read more

OP-ED: PROMESA Promises Hope for Puerto Rico and Its Investors

OP-ED: PROMESA Promises Hope for Puerto Rico and Its Investors By Rep. Rob Bishop & Rep. Sean Duffy Chapter 9 bankruptcy isn’t the only option for Puerto Rico With great power comes great responsibil...... Read more

View All News

Calendar

Full Committee Markup
Full Committee | 1324 Longworth House Office Building Washington D.C. 20515
Exploring 21st Century Mining Safety, Environmental Control, and Technological Innovation
Subcommittee on Energy and Mineral Resources | 1324 Longworth House Office Building Washington D.C. 20515
View All Events