The map below makes clear that while there’s talk in Washington of an all-of-the-above approach to energy, there’s much to be done in applying that concept to our outer continental shelf (OCS) oil and natural gas reserves. Other claims notwithstanding, the number to focus on is 87 – as in the 87 percent of federal offshore acreage that’s off limits to oil and natural gas development, indicated in red. Areas open to development are colored blue.
America’s vast OCS energy potential remains largely just that, potential. Also on hold are jobs and economic growth associated with increased energy development. Key points:
- 88.6 billion barrels of oil and 398.4 trillion cubic feet of natural gas are believed to be held in the OCS, according to the Bureau of Ocean Exploration and Managem... more »