It’s Amazing What Offshore Energy Could Do for the UNITED STATES
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our nation’s federal offshore % ofacreage, including the entire
Atlantic Outer Continental Shelf (OCS), is off limits to oil and natural gas development. A new report from Quest Offshore Resources shows that providing access to the Atlantic OCS
for oil and natural gas development could spur a flurry of investment and economic activity that could put hundreds of thousands of Americans to work, provide billions of dollars for federal and state treasuries, and further strengthen our energy security.
Providing access to the Atlantic’s offshore oil and gas resources could deliver by 2035: 280,000 jobs
$24 billion per year to the economy
$51 billion in cumulative government revenue
1.3 million barrels per day of oil and natural gas production
Today
2020
2025
2035
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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