Washington, DC -May 12, 2011 - From Alaska Business Monthly - Alaskan Congressman Don Young voted yes today on H.R. 1231 which will reverse President Obama's moratorium on offshore drilling. This bill requires the Administration to move forward with offshore lease sales in areas containing the most oil and natural gas. Based on the government's own estimates of our oil and natural resources, this will open up areas in the North and Central Atlantic Coasts, the Southern California Coast, and offshore Alaska. This bill also requires the Secretary to set specific production goals for five-year plans. For the 2012-2017 plan it sets a goal of 3 million barrels of oil per day and 10 billion cubic feet of natural gas per day by 2027. H.R. 1231 passed with a bipartisan vote of 243-179.
"Responsible exploration and development of our resources is the key to the economic future of this country," said Rep. Young. "As I said last night, wind power doesn't move our planes, trains, and automobiles. We are a fossil fuel nation, and we have the means to develop our fossil fuels in a responsible and efficient manner, while we look down the road to expanding our energy options. The majority of Americans support expanded offshore development and yet the Administration has kept these energy-rich areas under a moratorium."