The National Ocean Industries Association supports any administrative action that leads to ensuring safer exploration and development of the offshore oil and gas our nation relies on for nearly a third of its domestic energy.
As we move forward, oil and gas will continue to be a major part of our nation’s energy portfolio, a portfolio that must enhance our energy needs, security and at a reasonable price for our families and economy. Energy production from the Outer Continental Shelf not only provides significant domestically produced energy for our nation, it also provides hundreds of thousands of jobs for Americans. In addition, the industry pays tens of billions of dollars a year to the Federal government, states, and various conservation funds, including the Land and Water Conservation fund.
NOIA is encouraged that this restructuring will include the necessary funding and resources to reassure the American public that oil and gas will continue to be produced at home in a safe and environmentally responsible manner. That is certainly the goal of our member companies and we look forward to working with the Administration and the Bureau of Ocean Energy Management, Bureau of Safety and Environmental Enforcement, and the Office of Natural Resources Revenue.
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