It’s Amazing What Offshore Energy Could Do for FLORIDA
FL
already hosts major oil and natural gas industry suppliers, including one of the largest operators of offshore tugs used for the transportation of drilling rigs and production units, and large manufacturers of
the umbilicals that service offshore drilling platforms. Allowing exploration and production off Florida’s East Coast would contribute billions of dollars to the state’s economy and create thousands of jobs.
Florida’s Offshore Oil and Natural Gas Resources By the Numbers 9,200 jobs
$4 billion
$1.1 billion
$694 million
by 2035
in cumulative spending (2017-2035)
in cumulative state government revenue (2017-2035)
in annual contributions to the economy by 2035
Opening the U.S. Atlantic Outer Continental Shelf to offshore oil and natural gas exploration and production could have remarkable benefits for job creation, U.S. energy security, domestic investment and revenue to the federal and state governments. By 2035, the five southeastern states will benefit from more than $10 billion in annual contributions to the economy.
$4.1 billion
North Carolina
$2.7
$2.2
$694
$426
South Carolina
Virginia
Florida
Georgia
billion
billion
million
Source: The Economic Benefits of Increasing U.S. Access to Offshore Oil and Natural Gas Resources in the Atlantic, Quest Offshore Resources, Inc., December 2013
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million