By using this website you allow us to place cookies on your computer. Please read our Privacy Policy for more details.
Publication Date: November 2005
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Ben Lieberman
Research Area: Energy
Keywords: Energy and environment; oil
Type: Brief
Abstract:
The United States is the only nation in the world that has placed a substantial amount of its oil and natural gas potential off-limits. This includes restrictions on drilling in most of the nation's offshore areas. Despite current high oil and natural gas prices, these longstanding offshore drilling bans remain in place. Congress should revise this policy, for the benefit of the American consumer and American economy. "The Deep Ocean Energy Resources Act of 2006" (H.R. 4761) seeks to do just that.