Congressman Tim Griffin (AR-02) issued the following statement after today's vote on H.R. 1230, the "Restarting American Offshore Leasing Now Act:"
"While Arkansans are paying higher gas prices, the President is obstructing U.S. companies from fully developing our nation's energy resources. The result is higher gas prices, lost jobs for U.S. workers, a weaker economy, and a continued dependence on foreign sources of oil. Today's vote will help reverse these policies by increasing domestic production and creating more American jobs."
The "Restarting American Offshore Leasing Now Act" would expand American energy production and create jobs by requiring the Secretary of the Interior to conduct oil and natural gas lease sales in the Gulf of Mexico and off the coast of Virginia that have been delayed or cancelled by the Obama Administration.
According to the U.S. Energy Information Administration (EIA), offshore oil production is expected to drop 13 percent in 2011. Production in the Gulf has declined by nearly 300,000 barrels per day since April 2010. The number of new oil and natural gas leases granted in 2010 was just over half the number granted in 2008. By the Administration's own estimates, the moratorium has resulted in 12,000 lost jobs and rigs are leaving the Gulf for foreign countries like Cuba, Brazil and Mexico