San Francisco hearing on offshore energy development

By CMTA Staff

Capitol Update, April 9, 2009 Share this on FacebookTweet thisEmail this to a friend

U.S. Interior Secretary Ken Salazar is hosting a hearing on April 16 in San Francisco to discuss offshore oil and gas leasing. The Minerals Management Service (MMS), the responsible government agency, is developing its 5-Year Plan for development of the Outer Continental Shelf (OCS). That plan determines where and how often oil and gas lease sales will occur during the period 2010-2015. If an area is not made available in the 5-Year Plan, oil and gas leasing will not occur in that area until 2015 or beyond.

It is critical that MMS hears from effected stakeholders and consumers of oil and gas at the hearing Expanding offshore development is in the U.S national interest for supply diversification, economic development, and revenue generation. Increases in oil and natural gas prices in 2008 were largely the result of growing U.S. and global demand. Unless supply can be increased prices are likely to continue to rise. Revenue sharing provisions provide incentives for California to participate in offshore development and will also generate revenues for California’s cash-strapped state government.

The MMS will be accepting comments on the Draft Proposed Plan (DPP) through September 21, 2009.

For more information on the hearing and OCS, go to: http://www.doi.gov/ocs/

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