Every credible projection of future U.S. energy demand through 2030 predicts that this nation will need more energy in the coming years, including more oil and natural gas. How is the administration addressing this need?
The Interior Department (DOI) yesterday announced that the Virginia offshore lease sale, which is supposed to occur in 2011, is likely to be stalled until 2012. As API has noted in this space many times, Interior Sec. Ken Salazar appears to be practicing a pattern of delay. In recent months, he has delayed lease sales and rescinded leases, hampering the nation's ability to develop domestic oil and natural gas.
Sec. Salazar's new energy development rules also are causing concerns. The Independent Petroleum Association of Mountain States (IPAMS) says DOI is slowing investme... more »
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