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The Deep Ocean Energy Resources Act of 2006: State Control, Increased Supply, and Lower Prices
Publication Date: November 2005
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Ben Lieberman
Topic: Energy (Energy policy)
Keywords: Energy and environment
Type: Brief
Abstract:
Congress passed a 1,700-page energy bill last year and has since introduced hundreds of additional energy bills. Unfortunately, most of these measures will not bring down oil and natural gas prices. In contrast, the Deep Ocean Energy Resources Act of 2006 (DOER Act, H.R. 4761), would expand domestic offshore oil and natural gas production and is a strong step towards more affordable and stable energy supplies.