We have the technology and lots of oil
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Full text of ad:
Headline: Is tomorrow’s energy right in front of us?
Pull quote: 85% of lower 48 OCS acreage is off-limits to oil & natural gas development
Where on earth could we find enough oil to power more than 60 million cars for 60 years? And enough natural gas to heat 160 million households for 60 years?
You might be surprised to lear that the answer is right here, in America – 116 billion barrels of oil and 651 trillion cubic feet of natural gas, just on federal lands.
But, as the saying goes, these vital domestic resources are often "so close, yet so far." Why? Because current government policies – a tangled mix of federal and state regulatory restrictions – put a large portion of these oil and natural gas resources, many on the Outer Continental Shelf (OCS), off-limits to production.
In fact, the U.S. government estimates that there are 36 billion barrels of undiscovered technically recoverable oil on federal lands currently closed to development. New technological breakthroughs allow us to tap these resources, even in "ultra deep waters," while protecting fragile marine environments. Recently, oil and natural gas companies employed advanced technologies to discover vast amounts of new oil and natural gas in the Gulf of Mexico – resources beyond our technical reach just a few years ago.
The U.S. Department of Energy predicts America will need 15 percent more energy in 2030 than we use today. Meeting this demand, and ensuring our future energy security, requires developing more energy from sources, including our own oil and natural gas resources.
Oil and natural gas not only heat our homes and fuel transportation, they also provide the building blocks for everything from medicines to advanced communications equipment. And developing America’s untapped energy resources means a stronger economy and more American jobs. That’s real economic stimulus – and it would allow increased funding for federal, state and local government budgets.
Oil and natural gas make possible unequaled quality of life. Ensuring such for future Americans will require policies that permit responsible, respectful access to America’s plentiful domestic oil and natural gas resources. These valuable resources are within our reach. Let’s work together to realize their potential.
THE people OF AMERICA’S OIL AND NATURAL GAS INDUSTRY
