Will Warmer Temperatures Bring Consumers Higher Gas Prices?

Tanker truck with American flag

Now that spring is in full swing, many consumers are putting away their heavy winter coats and planning road trips for the warmer months ahead. That means more attention will be paid to prices at the pump.

In fact, increases in gas prices during the spring and summer months are typical. As we enter this time of year, Consumer Energy Alliance (CEA) explains the factors that account for these annual price hikes and why consumers shouldn’t get too down about the recent bump in pump prices.

Projections for Spring 2015 Gas Prices

After reaching its lowest numbers in years this January, the average price of a gallon of gasoline has been steadily rising since the beginning of February. According to AAA, crude oil prices are still volatile, a sign that gas prices could rise by 20 cents this spring due to annual refinery maintenance and the change to summer fuel blends. However, despite the expected increase, most regions should see prices remain much lower compared to recent years due to cheaper crude oil costs and above-average gasoline supplies.

Why Does the Season Affect Gas Prices?

Gas prices in the spring and summer typically increase from scheduled supply shift to summer blends. Refiners operate on a May 1st deadline to switch production from a winter blend of gasoline to a summer blend of gasoline, commonly referred to as reformulated gasoline, which requires extensive maintenance and slowdowns in production to ensure segregation of the different oil types.

The U.S. Environmental Protection Agency, as part of the Clean Air Act of 1990, requires refineries to supply cleaner-burning fuel in major metropolitan areas to order to reduce smog and ozone pollution during the hotter summer months.

Last year, prices increased in the spring due to refinery issues in the Midwest, but in 2015 increases have been on the West Coast – especially in California. The price of crude makes up the bulk of the cost of gasoline. However, the distance the gasoline needs to travel from crude oil production centers can also explain gas prices in a state. For example, most of the nation’s refineries are located in the Midwest and around the Gulf Coast, so if you are trying to transport fuel from the Gulf Coast up to the northeast, there will be additional transportation costs.

According to 24/7 Wall Street, “four of the 10 states with the highest gas prices are located in the northeastern United States. Hawaii, the state with the second highest average cost of gasoline, is also located a great distance from oil refineries.”

The Good News for Consumers

Domestic production of oil and shale gas will continue to help keep energy prices relatively stable in the long term as more of these developed energy resources are introduced to national and regional energy markets.

Also, analysts point to the decreasing storage capacity for crude oil and refined products as an indication that there may be another short term dip in oil prices. As demand drops and supplies continue to flow in, energy companies look for places to store the oil until they can sell it to a refiner. Currently, the America’s oil storage capacity, the network of large storage tanks across the country, is nearly full. This will help to keep downward pressure on gas prices in the coming months.

This growth of supply is one of many reasons why CEA supports an “all-of-the-above” energy policy strategy that supports American jobs, creates economic opportunities, and protects American energy consumers.

 

The Stillwater Energy Ban

Mother and Son Cooking

The City of Stillwater, Oklahoma is currently considering a dramatic proposal that will effectively ban new energy operations and threatens future economic development.

Stillwater's setback proposal would ban oil and gas production in the city. The heavy-handed proposal to impose a “2200 foot set-back” on drilling is like taking a 349 acre chunk of land around every current and future oil and gas well in the city and putting it off limits to development. That’s like taking a piece of land the size of 6 football fields, and making it off limits to development, around every gas or oil well in the city.

Suffice to say, this proposal will have a negative impact on the city’s master plan, its future zoning activities, and its future commercial and residential development. Its a heavy-handed way to regulate fracking and development in Stillwater or anywhere in Oklahoma.

Tell the Council this proposal should be rejected in favor of a policy that’s flexible, reasonable and that addresses sensible land-use planning, rather than an extreme and blunt approach.


Whats wrong with unreasonable Setbacks?

OK_Ads_250x250-5

Oil and gas well “setbacks” determine the distance a well must be from a structure or building. Setbacks are measured as the radius around a particular building or structure. Setback distances vary and are based on arbitrary determinations related to nuisance issues like noise and light.

Reasonable setback distances help protect residents from the operation of an oil or natural gas well. However, unreasonable setback distances create a de-facto ban on oil and gas development and fracking and are capable of grinding future economic development to a halt by eliminating an important economic driver from the region and limiting commercial and residential growth.

The current proposal before the Stillwater City Council, the setback distance is unreasonable and extreme.

[bq]The City’s proposed setback is 5 TIMES LARGER than the current ordinance.[/bq] This heavy-handed regulation could create 349-acre “no-go zones” around every oil and gas well in Stillwater where landowners and developers could have a difficult time citing wells or planning future growth with so much land prohibited from development.


Support Energy Production in Stillwater

Will you join us in asking the City Council to rethink the proposed ban? Sign our petition and tell the Council that you support responsible energy production in Stillwater and all across Oklahoma!

Consumer Energy Alliance’s Balanced Energy Policy Recommendations for the 114th Congress

At the start of each Congress, Consumer Energy Alliance develops a series of policy recommendations that we believe – if enacted into law – would ensure more reliable, affordable energy for American consumers. This year’s report, Recommendations for a Balanced Energy Policy: A Briefing Book Presented to the 114th Congress, provides background information and policy recommendations on a series of issues affecting our nation’s energy policy, including:

  • Oil & Natural Gas Development
  • Renewable Energy
  • Electricity Generation
  • Energy Infrastructure
  • Energy Efficiency
  • Transportation Fuels
  • Energy Education

Download a copy of our report here.

 

What’s at Stake with Offshore Energy?

Offshore oil rig in Gulf of Mexico

The federal Bureau of Ocean Energy Management – which manages the leasing of our national Outer Continental Shelf (OCS) for energy development – is currently developing its next five-year leasing plan for 2017-2022. This plan is a critical part of America’s energy policy as it directly affects when and where offshore oil and natural gas resources will be developed.

A recently released draft of the plan includes some good news and some bad news. Let’s start with the good news.

Nearly five years after the Obama Administration canceled a proposed lease sale off Virginia, offshore development in the Atlantic is back on the table for consideration. Governors from Virginia south to Georgia called on the federal government last summer to ensure that Atlantic leasing be considered. Statutorily, the Secretary of the Interior must prioritize the input of coastal governors, and thankfully she’s decided to listen to the will of the governors – and Atlantic Coast residents. New polls show overwhelming support for offshore drilling by Virginians (65%), North Carolinians (71%), South Carolinians (71%), and Georgians (77%).

Why such strong support for Atlantic OCS development? A recent study shows that more than 130,000 jobs and $62 billion in local spending could result in Virginia, North Carolina, South Carolina and Georgia by tapping the conservatively estimated 3 billion barrels of oil in the area.

Farther south, it’s a bit of a mixed bag in the Gulf of Mexico. The region has been an energy powerhouse for decades supplying 18 percent of our domestic oil production and spurring job development across the Gulf Coast. While the draft plan continues to include robust opportunities for leasing and development in the Western and Central areas of the Gulf of Mexico, most of the Eastern Gulf of Mexico remains offline due to a congressional moratorium. For the Gulf to reach its full potential and further American energy self-sufficiency, the federal government should have taken the steps now to prepare for responsible development of the Eastern Gulf of Mexico, but unfortunately they chose to close this area of tremendous potential.

Finally, thousands of miles from the Gulf Coast, waters north of Alaska contain some of the world’s largest untapped reserves. While the draft plan does include leasing opportunities in the U.S. Arctic (Chukchi and Beaufort Seas) and in the Cook Inlet, it remains highly uncertain whether these leases will actually occur. The Obama Administration has slow-rolled programs on existing leases and upcoming leases, so at this stage it’s hard to imagine these proposed leases in the 2017-2022 plan would ever take place.

And here comes the bad news. The proposed plan withdraws significant areas off Alaska from leasing consideration – and Alaskan leaders claim this was done with little to no input from them.

So what does this plan mean for consumers and how should the public engage?

As part of the public comment period process, the federal government is asking the public for information on how “the size, timing, and location of leasing activity” could affect various economic and environmental objectives of our nation. Under this criteria, offshore energy is a win-win.

For starters, the energy potential is enormous.  BOEM estimates that the U.S. OCS holds approximately 90 billion barrels of oil and more than 400 trillion cubic feet of natural gas which are technically recoverable. While we’re producing more oil and natural gas domestically than we have in decades, the United States still relies on imported oil to meet demand and will continue to do so in the absence of new resource development. The U.S. Energy Information Administration estimated in its 2014 Annual Energy Outlook that U.S. crude oil production may only meet 50 percent of demand in 2030 and 45 percent of demand in 2040. So, we need to add new areas of development to our portfolio if we’re serious about pursuing energy self-sufficiency.

For our national and environmental security, American resources also further our objectives. New oil fields don’t come online overnight; for large reserves like the OCS it can take years to bring oil to market. Planning for our nation’s long-term energy future requires that policy makers take the steps now to grant access to resources so that in 10 to 15 years and beyond our children and grandchildren can benefit from reliable sources of energy.

For our environment, U.S. offshore energy development will take place under some of the world’s strictest safety and environmental protection standards. Since the Deepwater Horizon oil spill in 2010, regulators and industry have taken unprecedented steps to bolster the safety of offshore drilling. As BOEM addresses in its proposal, OCS operations must comply with a multitude of requirements, including what the Interior Secretary has called “the most aggressive and comprehensive offshore oil and gas regulatory reforms in the nation’s history.” Industry has also taken significant and voluntary measures in recent years, including creating two new entities capable of providing well containment assistance in the event of a loss of well control in waters located far offshore, and sponsoring the establishment of the new Center for Offshore Safety.

Given all the economic, consumer and environmental benefits, Consumer Energy Alliance is urging our friends to write to BOEM before March 30 with the following asks (included on our Call to Action):

  • Conduct a wide-ranging environmental assessment of all proposed areas.
  • Continue to include all proposed lease sales in the Atlantic, off Alaska and in the Gulf of Mexico in the next iteration of the plan.
  • Do not remove any additional areas for potential consideration.

To submit a letter by March 30, please visit Consumer Energy Alliance’s Action Center and submit a letter TODAY.

Further Precedent Formed Against Local Energy Bans

Well pad in winter

For a third time this year a judge has overturned a local municipality’s ban on oil and gas production. A Cuyahoga County, Ohio judge yesterday overturned a ban on oil and gas production within the county, billed as a “community bill of rights,” saying the measure was clearly preempted by the State of Ohio’s regulatory authority of oil and gas operations. The judge held that while under home rule provisions, communities have self-determination, they cannot preempt state powers.

“We’re happy to hear of yet another defeat for groups that call for blanket bans on responsible energy production,” said David Holt, president of Consumer Energy Alliance. “We have long said that simply saying ‘NO’ to energy production at the local level is irresponsible, and runs counter to established legal norms.”

The defeat of the measure in Broadview Heights is the third defeat of local regulation or bans in recent months, and the second such defeat of the so-called “community bill of rights” concept promoted by an anti-energy group called the Community Environmental Legal Defense Fund (CELDF). The first defeat of the concept came in January in Mora County, New Mexico, which passed the ordinance at the urging of the CELDF.

“By banning oil and gas production, communities not only limit their economic potential and expose their budgets to needless legal costs, they undermine U.S. energy self-sufficiency and security. American cities, towns and counties can do better when it comes to balancing property rights with local resident concerns. Communities across Ohio, Colorado, Texas, New Mexico and other states have demonstrated that we can have responsible energy production AND the protection of local residents and their environment.

“For decades, states have shown that they have the technical knowledge and wherewithal to effectively regulate oil and gas production.  Local control ordinances simply create a patchwork quilt of rules that could be different from city to city, making it impossible for business to function. Towns like Broadview Heights should work to bring all parties together rather than passing initiatives with dubious legality that are often based on a one-sided view of the facts.  Protecting the environment AND creating jobs is something we all support, and that is the proper standard that state governments are in the best position to measure,” said Holt.

Powering America: Hydroelectric

Jackson Lake hydroelectric generation dam

Much of today’s discussion on electricity generation is focused on the debate between new energy sources like wind and solar, and traditional generation fuels like coal. With the dramatic jump in domestic production from fracking, natural gas is growing its share of our electricity generation. Nuclear electricity provides almost 20% of America’s electricity.

But sitting quietly in the background throughout the ongoing debate is an old standby, hydroelectric power.

Hydroelectric power generation uses the flow of water, from a reservoir or river, to turn a turbine which is linked to a power generator. As water flows past the turbine, it turns a shaft leading to the generator, and generates electricity. Hydroelectric power is completely renewable and has no emissions.

America’s largest source of renewable energy, hydroelectric power generation currently produces about 7 percent of the nation’s electricity while other renewable sources (wind, solar, biomass and geothermal) generate a total of 6 percent combined according to the National Hydropower Association.

Most Americans have seen hydroelectric generation without even realizing it. The Hoover Dam in southern Nevada was built as a large public works project started in 1931 and completed in 1936. The installation creates enough power to sever 1.3 million people.

There are more than 2200 hydroelectric generation sites across every state in the country, and they form regional clusters in the northwest, southeast and northeast. Fifty two percent of our hydroelectric generation capacity is owned and operated by the federal government through the Army Corps of Engineers, the Bureau of Reclamation and other agencies. The remaining 48% is owned by public and private utility companies.

  • Click here for an interactive map of the location of hydroelectric plants across the country.

Hydroelectric power generation has the potential to grow as a sustainable power source in the coming years as states look to increase electricity production, but keep emissions low. In 2012, the Department of Energy found that by installing hydroelectric generation on non-powered dams, America could increase its current hydroelectric generation capacity by 12,000 megawatts, or 15%! An additional 9,000 megawatts could be generated by modernizing existing installations with newer, modern generation units. In total, these efforts to increase the use of hydroelectric generation have the capacity to power 96 million American homes.

In 2013, Congress acted in a bipartisan manner to pass the Hydropower Regulatory Efficiency Act. The law includes charges to streamline the permitting process for converting existing dams into electricity generators. Since converting existing dams into power generators is a low-cost, low-risk way to increase renewable electricity generation, it is in the best interest of consumers to ensure a streamlined permitting procedure that takes into account that much of the environmental impacts associated with damming the waterway have already occurred.

The process of converting non-powered dams into power generators could create hundreds of thousands of clean energy jobs and help revitalize communities across the country.

Winter Storms Evoke Polar Vortex Price Spikes

It’s not just record-low temperatures giving consumers chills during this week’s winter storms and wild weather. The cold weather brings with it reminders of last year’s regional power outages and spikes in electricity and heating costs for many New England, New York, Mid-Atlantic and Midwest residents. Part of the price spikes were attributable to a lack of adequate pipeline infrastructure to move natural gas to areas of demand. 

ISO New England, the region’s grid operator, made preparations for potential power outages caused by heavy winter storms, snow, and damaging winds. E&E Newswire reports that “National Grid U.S., which provides electricity and/or natural gas service in portions of New York, Massachusetts and Rhode Island, told customers on Twitter that it had crews on hand to restore power outages or damage to the natural gas network.”

Infrastructure deficiencies will continue to make power supplies uncertain during periods of peak demand, like during winter storms, until policymakers decide to support private investment in new natural gas pipelines. Critical infrastructure projects around the country continue to be opposed by a vocal minority of elected officials and anti-development groups and while consumers get stuck with seasonal sticker shock. For example, in August, Massachusetts legislators delayed action on a measure that would have allowed the state to work with other New England states to develop a reliable gas pipeline system. 

Legislators must move forward on projects like the Atlantic Coast Pipeline in the Southeast, the New Market Project in New York, and the Tennessee Gas Pipeline Northeast Energy Direct in New England. These projects will also create thousands jobs and millions in tax revenue while bringing much-needed supplies of clean burning energy.

So what can consumers do to help blunt price spikes from winter storms until policymakers decide to move forward on critical infrastructure projects? Here are some tips to save energy this winter:

  1. Turn down the heat when no one will be home. It may be tempting to come home to a toasty warm house, but by turning back your thermostat for 10° to 15° for 8 hours, you can save about 5% to 15% a year on your heating bill.
  2. Make sure to seal leaks and gaps in unfurnished spaces like cupboards and closets. The same goes for chimneys and recessed lighting.
  3. If your house has a fireplace, be sure to check the snugness of the flue damper and keep it closed when not in use. The Department of Energy also suggests that consumers “purchase grates made of C-shaped metal tubes to draw cool room air into the fireplace and circulate warm air back into the room.”
  4. Draw back the blinds on south-facing windows and take advantage of natural sunlight to heat and warm rooms during the day.
  5. Change your air filter regularly during high use times in the winter and summer. Energy Star recommends doing so at least every three months to keep from overburdening your heating and cooling system with excess dust and dirt.

Consumer Energy Alliance Welcomes New Member: Missourians for a Balanced Energy Future

HOUSTON – Consumer Energy Alliance (CEA) is pleased to welcome the Missourians for a Balanced Energy Future as its newest affiliate member.

Missourians for a Balanced Energy Future (MBEF) is a nonprofit, nonpartisan organization comprised of small and large businesses, chambers of commerce, labor organizations, farmers, associations, trade groups and Missouri citizens who understand that securing Missouri’s affordable, reliable energy sources for tomorrow means making common sense decisions today.

“We are proud to stand with the Consumer Energy Alliance in efforts to create more jobs and economic development in America’s energy sector,” said MBEF Executive Director Irl Scissors. “Upgrading infrastructure and seeking cleaner and efficient sources of domestic energy will provide power, reliability and security for future generations.”

“CEA-Midwest is excited to welcome Missourians for a Balanced Energy Future as a new affiliate member,” said CEA Director of State Affairs Ryan Scott. “Similar to CEA, MBEF recognizes that an all of the above energy approach is a key component to affordable and reliable energy for consumers.”

 

For more information on Missourians for a Balanced Energy Future, visit their website.

For more information on Consumer Energy Alliance, please visit ConsumerEnergyAlliance.org or contact Amelie Fredland at (713) 337-8833, afredland@consmerenergyalliance.org.

Voters Gather to Say ‘Yes’ to Offshore Alaskan Energy Development

In front a crowd of supporters holding up signs that read “OCS YES!”, energy consumers, producers, and business leaders from across Alaska came together to express their support for more Alaskan energy production from offshore sources at a press conference hosted by Consumer Energy Alliance-Alaska on Monday, March 2, just prior to an Interior Department meeting in Anchorage.

Supporters of Alaskan Energy

“Alaska is key to American energy self-sufficiency and lower-48 states need the energy that Alaska can provide,” said David Holt, president of the Consumer Energy Alliance. “This goes far beyond energy companies. The pocketbooks of American consumers and the balance sheets of American small businesses are at stake. Alaskan energy production is critical to the American energy economy.”

The event, which Alaska News Dispatch described as a “pep-rally-like news conference” was held just moments before the Bureau of Ocean Energy Management held an open house to seek comments about its draft proposed 2017-2022 Outer Continental Shelf (OCS) Oil & Gas Leasing Program and forthcoming environmental analysis.

Alaska Rally 2

 

The proposal currently includes three sales off Alaska – one in the Beaufort Sea, one in the Chukchi Sea and one in Cook Inlet. However, it also restricts leasing in a number of oil-rich areas throughout the U.S. Arctic – all of which would boost both Alaskan energy growth and economic development, said Anne Seneca, executive director of CEA- Alaska.

“Alaskans want to help contribute to responsible American energy production, and we have so much to provide,” Seneca said. “The majority of Alaskan consumers who support offshore development are frustrated that there continues to be impediments to development.”

Numerous other Alaskan energy and natural resource groups joined CEA-Alaska in urging the federal government to allow current and future lessees to explore and develop abundant Arctic resources. This included the Alaska Chamber, the Resource Development Council, and the Alaska Trucking Association.

“The five-year plan coming up, to me, is woefully inadequate,” former Lt. Gov. Mead Treadwell said at the event, the Alaska News Dispatch reported.

Here’s why: According to Aves Thompson, the executive director of the Alaska Trucking Association, the Arctic OCS, specifically the Beaufort and Chukchi seas, contains an estimated 23.6 billion barrels of oil and 104 trillion cubic feet of natural gas, the development of which would produce 54,000 jobs and $193 billion in federal revenue.

“Those numbers are staggering,” he said.

But the current plan only allows for limited development.

Alaska AFL-CIO President Vince Beltrami also spoke at the event, which was held at the Anchorage Marriott Downtown.

“I got two little grandsons and I’m looking at them, hoping that when they’re old enough to get into the workforce that OCS is going to be cranking along and that we’re going to be having jobs to put them to work, to earn money, to raise their families,” Beltrami said, according to Alaska Public Media.

Increasing offshore development in the Arctic OCS would help extend the longevity of the Trans-Alaska Pipeline System (TAPS) by boosting Alaskan energy production, said Rick Rogers, executive director of the Resource Development Council of Alaska.

“TAPS, which is operating at one-fourth capacity, is the economic lifeblood of Alaska’s economy and a critical link to the nation’s long-term energy security,” Rogers said. “Since 1971, 84 wells have been drilled in the Arctic OCS – all without incident. The Arctic OCS can be explored and developed responsibly, and it is in the national interest to proceed with an aggressive leasing schedule.”

Carl Portman, the deputy director of the Resource Development Council for Alaska, added that the federal government’s decision to ban development in the Arctic National Wildlife Refuge (ANWR) and in 10 million acres of offshore areas came at a time “when Alaskans are facing a multibillion dollar deficit due to low oil prices and low production.”

Opening up more avenues for onshore and offshore development in Alaska and its encompassing Arctic region would help the state reverse course, Portman added.

“With this enormous resource potential, the Alaska OCS likely contains enough oil to at least double TAPS throughput, extend the longevity of the pipeline, and sustain Alaska’s economy for decades,” he said.

 

Alaskan Energy Consumers to Feds: Open Up More Areas for Development

In front a crowd of supporters holding up signs that read “OCS YES!”, energy consumers, producers, and business leaders from across Alaska came together to express their support for more Alaskan offshore energy production at a press conference hosted by Consumer Energy Alliance-Alaska on Monday, March 2, just prior to an Interior Department meeting in Anchorage.

 

Supporters

 

“Alaska is key to American energy self-sufficiency and lower-48 states need the energy that Alaska can provide,” said David Holt, president of the Consumer Energy Alliance. “This goes far beyond energy companies. The pocketbooks of American consumers and the balance sheets of American small businesses are at stake. Alaskan energy production is critical to the American energy economy.”

The event, which Alaska News Dispatch described as a “pep-rally-like news conference” was held just moments before the Bureau of Ocean Energy Management held an open house to seek comments about its draft proposed 2017-2022 Outer Continental Shelf (OCS) Oil & Gas Leasing Program and forthcoming environmental analysis.

 

Alaska Rally 2

 

The proposal currently includes three sales off Alaska – one in the Beaufort Sea, one in the Chukchi Sea and one in Cook Inlet. However, it also restrictsleasing in a number of oil-rich areas throughout the U.S. Arctic – all of which would boost both energy and economic development throughout Alaska and the U.S., said Anne Seneca, executive director of CEA- Alaska.

“Alaskans want to help contribute to responsible American energy production, and we have so much to provide,” Seneca said. “The majority of Alaskan consumers who support offshore development are frustrated that there continues to be impediments to development.”

 

 

Numerous other Alaskan industry groups joined CEA-Alaska in urging the federal government to allow current and future lessees to explore and develop abundant Arctic resources. This included the Alaska Chamber, the Resource Development Council, and the Alaska Trucking Association.

“The five-year plan coming up, to me, is woefully inadequate,” former Lt. Gov. Mead Treadwell said at the event, the Alaska News Dispatch reported.

Here’s why: According to Aves Thompson, the executive director of the Alaska Trucking Association, the Arctic OCS, specifically the Beaufort and Chukchi seas, contains an estimated 23.6 billion barrels of oil and 104 trillion cubic feet of natural gas, the development of which would produce 54,000 jobs and $193 billion in federal revenue.

“Those numbers are staggering,” he said.

But the current plan only allows for limited development.

Alaska AFL-CIO President Vince Beltrami also spoke at the event, which was held at the Anchorage Marriott Downtown.

“I got two little grandsons and I’m looking at them, hoping that when they’re old enough to get into the workforce that OCS is going to be cranking along and that we’re going to be having jobs to put them to work, to earn money, to raise their families,” Beltrami said, according to Alaska Public Media.

 

Alaska Supporters

 

Increasing offshore development in the Arctic OCS would help extend the longevity of the Trans-Alaska Pipeline System (TAPS), said Rick Rogers, executive director of the Resource Development Council of Alaska.

“TAPS, which is operating at one-fourth capacity, is the economic lifeblood of Alaska’s economy and a critical link to the nation’s long-term energy security,” Rogers said. “Since 1971, 84 wells have been drilled in the Arctic OCS – all without incident. The Arctic OCS can be explored and developed responsibly, and it is in the national interest to proceed with an aggressive leasing schedule.”

Carl Portman, the deputy director of the Resource Development Council for Alaska, added that the federal government’s decision to ban development in the Arctic National Wildlife Refuge (ANWR) and in 10 million acres of offshore areas came at a time “when Alaskans are facing a multibillion dollar deficit due to low oil prices and low production.”

Opening up more avenues for onshore and offshore development in Alaska and its encompassing Arctic region would help the state reverse course, Portman added.

“With this enormous resource potential, the Alaska OCS likely contains enough oil to at least double TAPS throughput, extend the longevity of the pipeline, and sustain Alaska’s economy for decades,” he said.