American-made energy. With the Energy Information Administration projecting that the United States will need more than 16 percent additional energy by 2035, the idea that we could, before then, see 100 percent of our liquid fuel needs met domestically and from Canada is huge. Make that gigantic.
Increased access to American energy resources is the key. API’s recent report to the two political parties’ platform committees marks the way – offshore:
- Open the eastern Gulf of Mexico to oil and natural gas exploration and development
- Open the Atlantic Outer Continental Shelf
- Open the Pacific Outer Continental Shelf
- Open the 1002 Area within the Arctic National Wildlife Refuge in Alaska
- Open portions of the Rocky Mountains
- Lift New York state’s drilling moratorium
- Promote timely review of energy projects on federal land
No question, it will take some significant policy changes to unlock these ample supplies. Offshore, for example, 87 percent of federal acreage remains off limits. In the chart below the areas in red are closed to energy exploration and development. We need new policies to open them, to begin to make available nearly 101 billion barrels of oil and 480 trillion cubic feet of natural gas.
Onshore, the story on federal lands is similar. The United States has an estimated 88.6 billion barrels of oil and 654.3 trillion cubic feet of natural gas, according to the Bureau of Land Management. Yet 60 percent of federal onshore lands are closed to energy development.
Key in this is the small portion of the vast Arctic National Wildlife Refuge (ANWR) – an airport-sized parcel on the coastal plain of a refuge that’s the size of South Carolina. ANWR could provide about 1 million barrels of oil per day, oil that would be available today if it weren’t for opponents who argued, in part, that it would take 10 years to bring ANWR oil online – 10 years ago!
A commitment to increased access is key to an energy future that’s secure – again, one where 100 percent of our liquid fuels come from North American sources: