Last week, the Obama administration announced their new five-year offshore drilling plan. Sadly, the plan is what we have come to expect from an administration hostile to using our domestic energy resources. Here are a few facts everyone should know about offshore oil and gas production:
* 2.2 percent of offshore areas are leased for oil and natural gas production[1]
* Oil and natural gas production on federal lands has fallen by over 40 percent since 2000[2]
* Since 2000, oil production on private and state lands has risen by 11 percent and natural gas production has riven by 40 percent[3]
* When President Obama was elected, all offshore lands were available for leasing except for a small area near Florida’s coast
* The Obama administration’s new five-year plan doesn’t allow oil and natural gas exploration or production on the vast majority of taxpayer-owned offshore areas
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