Louisiana Senate Bill SR116

Louisiana 2016 Regular Session

• Introduced: 5/10/16
• Refer: 5/11/16
• Report Pass: 5/18/16
• Passed: 5/19/16

Caption

Requests the U.S. Bureau of Ocean Energy Management to maintain region-wide leasing in the Gulf of Mexico in the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program without any further exclusions or restrictions.

Impact

The resolution calls attention to the economic significance of the Gulf oil and gas industry, stating that it supported over 650,000 jobs and contributed more than $64 billion to the GDP in Fiscal Year 2014. By pushing for continued leasing opportunities, the resolution emphasizes that the economic well-being of Gulf Coast states and their residents is intimately tied to the success of offshore energy exploration. The assertion that further restrictions could impose environmental and social costs ranging from $5 billion to $13 billion underscores the economic stakes involved in energy policy decisions.

Summary

Senate Resolution 116 urges the United States Bureau of Ocean Energy Management (BOEM) to continue region-wide leasing in the Gulf of Mexico as part of the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program without any further restrictions. It highlights the critical role that offshore energy production plays in supporting Louisiana's economy and the overall energy needs of the United States, accounting for nearly 20% of the nation's crude oil supply. The resolution is a response to concerns from the Louisiana oil and gas industry and aims to maintain and expand access to these resources to bolster economic growth and job creation in the region.

Sentiment

General sentiment regarding the resolution appears to be supportive within the Louisiana legislative framework and business communities. It is viewed as a protective measure for jobs and economic vitality; however, it may face opposition from environmental advocates concerned about the ecological implications of continued offshore drilling and potential risks to marine life. The resolution reflects a commitment to prioritize the interests of the local energy sector and emphasizes the need for federal cooperation in sustaining these offshore operations.

Contention

The resolution's main contention revolves around the balance between economic development and environmental conservation. While proponents argue for the economic necessity and job creation benefits of offshore drilling, critics may highlight the potential negative environmental impacts and advocate for more sustainable energy solutions. The debate ultimately reflects broader national discussions on energy independence and environmental responsibility, with Louisiana positioned as a critical player in this dynamic.