Trump extends offshore drilling moratorium: NOIA not happy

Written by Nick Blenkey
image description

Trump campaign released video on Twitter showing President displaying signed memorandum extending drilling moratorium.

Campaigning in Florida this week, President Donald Trump announced an extension of moratorium on offshore drilling on Florida’s Gulf Coast and an expansion of it to Florida’s Atlantic Coast, as well as the coasts of Georgia and South Carolina.

(You can download a copy of the memorandum extending the moratorium HERE).

Trump’s announcement drew applause from the president’s Florida audience. The National Ocean Industries Association (NOIA) was less happy.

NOIA President Erik Milito issued the following statement:

“The American offshore should be the region of choice for energy production. From the outset, it provides high-paying and accessible jobs that are supported in every U.S. state as well as billions of dollars in annual revenue that funds vital programs like the Land & Water Conservation Fund and our beloved national parks. Once offshore energy reaches American refineries, it provides the plastic components that is used in the medical equipment at the front lines of the COVID-19 response, among many other products. The benefits that American offshore oil and gas provide are nonpartisan and touch every American.

“American offshore production produces energy with a comparatively smaller footprint than other producing regions, occurs under the highest level of regulations and standards and does not give rise to issues of environmental justice. Furthermore, daily experience in the Western and Central Gulf of Mexico shows how offshore production goes hand-in-hand with environmental stewardship, national defense and other industries, including fishing and tourism.

“Our preference should always be to produce homegrown American energy, instead of deferring future production to countries like Russia and Iran, which do not share American values. Limiting access to our offshore energy resources only shortchanges America and dulls our national outlook.”

Categories: News, Oil & Gas Tags: , , ,