Reaching America’s Derrick Hollie notes why it’s not just energy producing states that should be interested in the upcoming five-year energy leasing plan. Increased natural gas and oil production has not only helped lower energy bills at home, but it strengthens our national security and revitalizes communities.
The government’s next five-year energy leasing plan could open additional areas in the Atlantic and Gulf of Mexico to energy development. Offshore reserves represent one of the greatest untapped sources of domestic natural gas and oil – and jobs. Government estimates indicate 90 billion barrels of oil and 327 trillion cubic feet of natural gas could be awaiting discovery offshore. For context, Americans consume about 20 million barrels of oil and 82 billion cubic feet of natural gas day.
Read more: Black Press USA