The Deep Ocean Energy Resources Act of 2006: State Control, Increased Supply, and Lower Prices

Publication Date: November 2005

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Ben Lieberman

Research Area: Energy

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.