Home > newsroom > Page
Hurricane Isaac Threatens Gulf Communities, U.S. Energy Production and Gas Prices
U.S. needs plan to increase and diversify American energy production

WASHINGTON, D.C., August 28, 2012 - While Gulf Coast communities brace for Hurricane Isaac, the storm has already had a significant impact on oil and natural gas production. According to the Bureau of Safety and Environmental Enforcement (BSEE), over 93 percent of the current daily oil production in the Gulf of Mexico has been shut-in and over 64 percent of the rigs have been evacuated. This highlights the threat posed to our energy security by President Obama’s offshore energy plan, which limits energy production almost exclusively to the Gulf of Mexico.

“Our first priority must be the safety and security of the people and communities of the Gulf of Mexico who are in the hurricane’s path,” said House Natural Resources Committee Chairman Doc Hastings. “However, it must be noted that every time a hurricane threatens the Gulf of Mexico our energy security is also put at risk. Under President Obama’s plan, all of our eggs are in one basket. If anything interrupts production in the Gulf of Mexico, Americans immediately face higher prices at the pump. This is exactly why Republicans support expanding and diversifying U.S. energy production. Expanding responsible oil and natural gas production to areas in the Atlantic, Pacific and Arctic with known resources would help protect our country from supply disruptions and price spikes, while simultaneously creating new American jobs and growing our economy.”

According to AAA, the national average price of gasoline has risen to $3.75 – 15 cents higher than this time last year and more than double the price when President Obama took office. Analysts predict gasoline prices to rise even higher as a result of Hurricane Isaac.

President Obama’s offshore lease plan for 2012-2017 places 85 percent of America’s offshore areas off-limits to energy production and effectively re-imposes the drilling moratoria lifted in 2008. The plan only allows drilling to occur in the Gulf of Mexico, and late in the plan, small parts of the Arctic. According to an analysis conducted by the Congressional Research Service, the President has proposed fewer lease sales in his plan than any President since the process began in 1980. In July, the House voted on a bipartisan basis to reject President Obama’s proposed offshore drilling plan and replace it with a bipartisan plan to expand offshore energy production and create jobs.

Offshore Areas Blocked for Drilling under President Obama’s
2012-2017 Plan

Click to enlarge image

###

Printable PDF of this document


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

Latest News

Bishop Statement on Confirmation of Sonny Perdue as Agriculture Secretary

Today, Chairman Rob Bishop (R-UT) issued the following statement after the U.S. Senate voted to confirm Sonny Perdue as Secretary of the Department of Agriculture: “I congratulate Secretary Perdue on ...... Read more

Bishop Announces Senior Committee Staff Changes

House Committee on Natural Resources Chairman Rob Bishop (R-UT) today announced a number of senior staff changes for the 115th Congress. Kiel Weaver, staff director for the Subcommittee on Water, Powe...... Read more

Bishop Statement on Zinke Appointment of Kate MacGregor to Interior Post

Today, U.S. Secretary of the Interior Ryan Zinke announced the appointment of Katharine MacGregor, former senior professional staff on the Subcommittee on Energy and Mineral Resources, as Deputy Assis...... Read more

View All News

Calendar

Full Committee Markup
Full Committee | 1324 Longworth House Office Building Washington D.C. 20515
Full Committee Markup
Full Committee | 1324 Longworth House Office Building Washington D.C. 20515
Oversight Hearing on Examining the Consequences of Executive Overreach of the Antiquities Act
Subcommittee on Federal Lands | 1324 Longworth House Office Building Washington D.C. 20515
View All Events