We encourage lawmakers to heed the results of this study and take a closer look at the energy-rich areas in our country that are currently off limits
Washington, DC – The American Gas Association (AGA) today commended the National Association of Regulatory Utility Commissioners (NARUC) for administering a study that closely examines the financial, social and environmental impacts of our nation’s oil and natural gas moratoria.
“It’s clear from this report that the status quo on energy production simply won’t suffice. We encourage lawmakers to heed the results of this study and take a closer look at the energy-rich areas in our country that are currently off limits,” said David N. Parker, AGA president and CEO. “We commend NARUC for taking on this important issue and uncovering some of the realities of our nation’s energy production policies.”
The study, conducted by Science Applications International Corporation (SAIC) and the Gas Technology Institute (GTI), found that maintaining the current production moratoria on federal lands would result in an energy future that restricts the availability of natural gas and increases energy prices. Specifically, if the moratoria from 2009-2030 remains unchanged, the average natural gas price is expected to increase by 17 percent.
“AGA supports a diverse supply portfolio in the United States,” Parker continued. “We have a real opportunity to develop homegrown energy resources – such as natural gas from deep waters, mountainous areas and shale. Energy is the lifeblood of the American economy, and as the report shows, increased access to these onshore and offshore supplies will be critical to America’s secure energy future.”
Click here to read an executive summary of the study.