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Offshore Energy Security Act Will Help Keep America’s Gas Prices Low

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Offshore Energy Security Act Will Help Keep America’s Gas Prices Low






Bill introduced by Senators Cassidy, Cruz will give certainty to Gulf of Mexico


Requires two Gulf offshore oil and natural gas lease sales each in 2024, 2025


Consumer Energy Alliance (CEA), the leading energy and environmental advocate for families and businesses, applauds the introduction of the Offshore Energy Security Act of 2023 by Senators Cassidy and Cruz today.


“This bill will help families and small businesses by removing the uncertainty in the Gulf of Mexico federal leasing program caused by years of intentional delays. It will send a strong market signal for companies to keep investing in what is one of the least carbon-intensive production areas in the world,” CEA Vice President Kaitlin Hammons said.


“The Biden Administration has spent its entire term tying up the lease sale process in a knot of legal and bureaucratic delays, while looking for oil and gas from other nations and limiting options for American workers in the Gulf. Congress is right to step in on behalf of American workers, families and small businesses to ensure we can keep energy prices down and energy security strong.”


The Gulf of Mexico is one of the least carbon-intensive producing regions in the world, and for decades has been one of America’s bulwarks against foreign-led market manipulation.


About Consumer Energy Alliance

Consumer Energy Alliance (CEA) is the leading voice for sensible energy and environmental policies for consumers, bringing together families, farmers, small businesses, distributors, producers, and manufacturers to support America’s environmentally sustainable energy future. With more than 550,000 members nationwide, we are committed to leading the nation’s dialogue around energy, its critical role in the economy, and how it supports the vital supply chains for the families and businesses that depend on them. CEA works daily to encourage communities across the nation to seek sensible, realistic, and environmentally responsible solutions to meet our nation’s energy needs.


Posted July 20, 2023

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