Oversight Hearing on:

• "America’s Offshore Energy Resources: Creating Jobs, Securing America, and Lowering Prices”

Member Statements:

The Honorable Doug Lamborn
Subcommittee Chairman

The Honorable Doc Hastings
Full Committee Chairman

Witnesses and Testimony:

PANEL I

Cory H. Kief
Director of Business Development
Crosby Tugs, LLC
(Truth in Testimony Form)

Chett C. Chiasson
Executive Director
Greater Lafourche Port Commission
(Truth in Testimony Form)

Brian Kroll
Senior Economist
Virginia Economic Development Partnership
(Truth in Testimony Form)

Bob Mitchell
CEO
Atlantic Wind Connection
(Truth in Testimony Form)

Background:

This hearing will focus on the vast economic potential that could stem from the greater development of our nation’s Outer Continental Shelf (OCS) energy resources – and the impact that increased energy development could have on prices. The Obama Administration has finalized a five-year plan for offshore leasing that shuts down access to any new areas for offshore energy development, and this Administration is still in just the early stages of offshore wind development as we await the first competitive offshore wind lease sale to occur sometime this Spring – let alone actual offshore wind energy production. Under the Obama Administration, federal oil and natural gas production has declined due to burdensome red tape and onerous bureaucracy. Meanwhile, energy development on State and private lands, not under federal regulation, has flourished.

Related Documents:

• Subcommittee Hearing Notice - February 26, 2013
• Subcommittee Hearing Witness List - March 4, 2013
• Resourceful Information - The Offshore Energy Economy President Obama Doesn’t Want: Increased Offshore Energy Production = More Jobs, Bigger Economy, Lower Prices (3/5/2013)
• Press Release - Witnesses: Increased Offshore Oil, Natural Gas, Wind Production Creates Thousands of Jobs, Grows Economy (3/5/2013)