Mr. Chairman, I thank the gentleman for the time. Mr. Chairman, I rise in strong opposition to the Peterson amendment. This amendment guts the long-standing bipartisan moratorium that currently protects the Nation's most sensitive coastal…
Mr. Chairman, I thank the gentleman for the time.
Mr. Chairman, I rise in strong opposition to the Peterson amendment. This amendment guts the long-standing bipartisan moratorium that currently protects the Nation's most sensitive coastal and marine areas, areas including California, Florida, the eastern Gulf of Mexico, the Pacific Northwest, New England, and the entire Atlantic coast. It is completely unnecessary.
Proponents say that we need to drill offshore to put an end to the high energy prices. The only problem with this argument is that the moratoria are not where the resources are.
MMS released its latest OCS resources survey just last year. Eighty- one percent of the undiscovered, uneconomically recoverable natural gas in the OCS is located in the central and western Gulf of Mexico where drilling is currently allowed and under way.
This amendment means drilling in the coastal areas of the United States where there is not a whole lot of gas and oil, where tens of millions of our citizens have made it clear they do not want any more gas drilling, and it means gutting the Presidential-congressional moratoria that had been in for decades, reaffirmed by Presidents George H.W. Bush, Clinton, George Bush, every Congress since 1982. State officials have also endorsed the moratoria, including Governor Bush, Governor Schwarzenegger.
This House has voted three times in recent years to stop the oil drilling in waters off Florida, California, and the entire OCS. I urge my colleagues to defeat this amendment.
Mr. Chairman, I rise in strong opposition to the Peterson amendment. This amendment would gut the longstanding, bipartisan moratorium that currently protects some of the Nation's most sensitive coastal and marine areas. These moratoria areas include California, Florida and the Eastern Gulf of Mexico, Oregon, Washington, New England, and the entire Atlantic Coast. This amendment is an attack on the moratorium, and an attack on the rights of coastal States and local governments to raise legitimate objections to offshore development that affects their coastlines.
Mr. Chairman, this amendment is a bad idea for a number of reasons, not least because it is completely unnecessary. Proponents of the amendment say that we need to drill offshore to put an end to high energy prices. The only problem with this argument is the moratoria areas aren't where the resources are. The Minerals Management Service conducts a resources survey every five years. The latest comprehensive analysis assessment was finished in 2003. This assessment includes estimates of undiscovered oil and natural gas that is conventionally and economically recoverable.
We already know, for instance, that 81 percent of the Nation's undiscovered, economically recoverable natural gas on the OCS is located in the Central and Western Gulf of Mexico--where drilling is currently allowed and underway.
The amendment would mean drilling in coastal areas of the United States where there isn't a whole lot of oil and gas and where tens of millions of our citizens have made it clear that they don't want any more drilling.
Mr. Chairman, a little history might be in order here. In 1990, President George H.W. Bush announced an executive moratorium ending new drilling off California, Oregon, Washington, Florida and the entire East Coast. President Clinton extended it to 2012. Both actions were met with widespread acclaim by a public that knows how valuable-- environmentally and economically--our coastlines are. And, of course, Congress has supported these actions for the last 20 years by restricting MMS from spending funds to support any new drilling or pre- drilling activities in these areas.
In addition, President George W. Bush endorsed both moratoria in his FY 06 budget. State officials--including Florida Governor Jeb Bush and California Governor Arnold Schwarzenegger--have endorsed the moratoria. And, the House of Representatives has voted three times in recent years to stop new drilling in the waters off Florida, California and the entire Outer Continental Shelf. This amendment is bad policy and reflects the misguided attempt to try and drill our way out of energy problems.
Mr. Chairman, the United States has 3 percent of the known resources but we account for 25 percent of demand. Despoiling all of our coastal areas in the fruitless search for ``energy independence'' isn't going to work. Coastal communities continue to speak--in strong bipartisan voices--to protect their State's sensitive coastal resources and productive coastal economies. They are too economically valuable to risk with more drilling. It takes only one accident or spill to devastate the local marine environment and economy.
Mr. Peterson suggests that his amendment would be limited to exploration for natural gas only, and that this approach would somehow avoid the risks of offshore oil drilling. There are serious flaws with this theory. There is virtually no way to explore only for natural gas without exploring for oil.
Moreover, natural gas development also has substantial and long- lasting impacts, including noise, water and air pollution. And it impacts the tourism and fishing industries.
Mr. Chairman, last Congress, 56 Republicans and 172 Democrats voted to protect the OCS Moratorium. In that vote, the House demonstrated its commitment to protecting our vital coastal communities. A vote against this amendment is the same thing--a vote to protect coastal areas from new drilling. We need to reject these attempts to weaken existing protections for our coastal waters.
I urge my colleagues to oppose this amendment.
Assessment of Undiscovered Technically Recoverable Oil and Gas
Resources of the Nation's Outer Continental Shelf, 2003 Update
Using a play-based assessment methodology, the Minerals
Management Service estimated a mean of 76.0 billion barrels
of undiscovered recoverable oil and a mean of 406.1 trillion
cubic feet of undiscovered recoverable natural gas in the
Federal Outer Continental Shelf of the United States.
introduction
This assessment represents an update of selected basins of
the Federal Outer Continental Shelf (OCS). Assessments of the
entire OCS were made by the Minerals Management Service (MMS)
in 1995 and 2000 (MMS, 1996 and MMS, 2001). The next MMS
assessment of the entire OCS is scheduled for completion in
mid 2005. Areas selected for this update included those where
significant new discoveries were made, such as parts of the
Gulf of Mexico, and areas where new geological concepts have
been developed, such as the Atlantic OCS margin and the North
Aleutian Basin of Alaska. Results from this selective update
were combined with the year 2000 assessment results from
other areas to yield the regional totals presented here.
The MMS utilizes a probabilistic play-based approach to
estimate the undiscovered technically recoverable resources
(UTRR) of oil and gas for individual plays. This methodology
is suitable for both conceptual plays where there is little
or no specific information available, and for developed plays
where
there are discovered oil and gas fields and considerable
information is available. After estimation, individual play
results are aggregated to larger areas such as basins and
regions.
This assessment is limited to technically recoverable
undiscovered resources of oil and gas. Unlike MMS's 1995 and
2000 assessments, it does not contain economic analyses of
what portion of these technically recoverable resources are
commercially viable.
resource summary
The MMS estimated that 76.0 billion barrels of oil and
406.1 trillion of cubic feet of gas are technically
recoverable from the U.S. Federal OCS. These results are
presented by area in table 1, which lists mean values as
wells as the 95th and 5th percentile values representing high
and low probability cases, respectively. Greater range
between the high and low values indicated higher uncertainty
in the estimates.
These values represent a 1 percent increase in oil
resources and a 12.1 percent increase in gas resources when
compared with MMS's 2000 assessment. The increases are due to
changes in the assessments of the Atlantic and Gulf of Mexico
OCS areas. Both the Alaska and Pacific OCS area resource
estimates are essentially unchanged from 2000. The increases
also account for the approximately 2 Bbbl oil and 8 Tcfg that
were discovered and moved to the reserves category during
this time period.