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OMSA Responds to the President’s Explanation of High Gas Prices

March 11, 2011

Statement from Jim Adams, president and CEO,
Offshore Marine Service Association in Response to
the President’s Press Conference on Skyrocketing Gas Prices

Lifting Administration’s De Facto Moratorium on Gulf
Oil Exploration Would Ease
President’s Self-imposed Energy Crisis

(New Orleans, Louisiana) — March 11, 2011 — “President Obama’s rhetoric will not bring down the price of gas, will not make us less reliant on unstable regimes and will not generate new jobs in the energy sector. The only immediate solution to the administration’s self-imposed energy crisis is to lift the de facto moratorium on offshore drilling in the Gulf of Mexico,” said Jim Adams, president and CEO of the Offshore Marine Service Association (OMSA).

“This administration continues to deceive hard working Americans with false assurances of today’s production output,” continued Adams. “There has been no exploration off the continental shelf for nearly a year—that means future production will drop precipitously.”

According to Tuesday’s “Short-Term Energy Outlook” (published monthly by the U.S. Energy Information Administration), “Domestic crude oil production, which increased by 150,000 bbl/d in 2010 to 5.51 million bbl/d, declines by 110,000 bbl/d in 2011 and by a further 130,000 bbl/d in 2012 (U.S. Crude Oil Production Chart).”

U.S. Energy Information Administration's Short-term Energy Outlook (March, 2011)

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