U.S. Sens. Mark Warner (D-VA) and Tim Kaine (D-VA) today cosponsored the introduction of The Virginia Outer Continental Shelf Energy Pr... Read More
America needs energy from all sources — including renewable. But no matter how fast alternative sources of energy are adopted, we know that America will rely mostly on oil and gas for many decades to come.
To meet our rising energy demand we need to further develop the vast resources right here in North America. That will provide us with the stable, reliable energy we need — while improving the nation’s economy, creating new jobs, generating government revenue and increasing our energy security. All of this can be accomplished while being subject to the most stringent safety and environmental standards in the world.
But just how much untapped energy lies off our shores?
There is an estimated 3.8 billion barrels of oil and 37 trillion cubic feet of natural gas that could be available by opening up the Atlantic coastline to exploration.
American companies have the ability to safely and reliably develop these valuable, untapped resources. Why should we continue to rely on volatile countries, some of which do not necessarily share our national interests, to supply us with most of our energy, when we can be producing it here? Why shouldn’t we put our national and economic interests first?
Unfortunately, obstacles put in place by our policymakers are preventing us from doing so.
Learn more about these obstacles, why it’s vital to start developing them now, and how technology allows us to explore and develop them safely.