FOR IMMEDIATE RELEASE:
February 2, 2009
Opening OCS Delivers Economic Stimulus Efficiently, Safely
Energy think tank stresses need for increased offshore energy production to bolster U.S. economy
NEW ORLEANS—This week, the Deep Offshore Technology (DOT) International Conference and Exhibition will bring together energy industry experts from around the world to discuss the most world’s pressing energy issues. At Wednesday’s “Pros and Cons of Opening More OCS Areas to Oil and Gas Exploration and Production” panel, one of those experts — Institute for Energy Research (IER) Federal Affairs Director Kevin Kennedy — will explain the high stakes for America’s economic and energy future that hinge on gaining access to offshore resources.
Kennedy says, “Federal policymakers must realize that offshore exploration and production technology has come a long way in the last 40, 20, even the last five years. Expanding access to oil and gas off our coasts will not only efficiently and safely provide Americans abundant energy, but that activity will also jumpstart the presently flagging economy.”
Mr. Kennedy’s prior experience with energy issues on Capitol Hill has afforded him the opportunity to see first hand how inclusive energy policies benefit both government and the public. “By including expanded offshore energy production in their new energy and environmental policies,” he concludes, “our lawmakers can provide government with increased tax and royalty revenue and the American public with more jobs and better investment savings.”
Event: Deep Offshore Technology International Conference and Exhibition
Date: Tuesday, February 3 – Thursday, February 5, 2009
Location: Ernest R. Morial Convention Center, New Orleans, LA
To request additional information or to schedule an interview with Kevin Kennedy, please contact Trice Whitefield at [email protected] or (703) 516-2173.
The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.