NAM Goes to Florida to Lend Support to OCS Exploration

By December 13, 2005Energy

Yesterday, NAM Vice President for Resources and Environmental Policy Keith McCoy traveled to Florida to take part in an event with Associated Industries of Florida (AIF) to announce AIF’s support for accessing the enormous oil and natural gas resources in the Outer Continental Shelf (OCS).

“Florida will suffer high economic consequences if we do not open some additional areas of the Gulf waters to exploration,” said AIF president, Barney Bishop. “The skyrocketing prices of natural gas will force businesses to cut jobs, freeze growth and raise consumer prices. AIF represents more than 10,000 businesses across the state including manufacturers, agricultural organizations, fertilizer producers, farmers, chemical producers and countless small companies that are trying to manage escalating energy costs and the uncertainty of future availability. These businesses rely upon natural gas both as a fuel source and for production purposes.”

Here are some energy facts:

  • U.S. manufacturers use 33 percent of the nation’s natural gas, which has doubled in price during the last six months, and is more than six times higher than prices during the late 1990’s.
  • In Florida, more than 80 percent of the electric generation capacity brought on line during a five year period (1998-2002) used natural gas as the primary fuel.*
  • Florida is most dependent upon petroleum and natural gas for its energy, fuels which are in shortest supply.*
  • Those supporting today’s announcement included the Consumers Alliance for Affordable Natural Gas, the Florida Fertilizer & Agrichemical Association, the American Plastics Council, Metal Essence Corporation, and the Florida Transportation Builders Association.

    Watch this space for more information on the OCS this week. Click here to tell your Member of Congress to begin to turn loose this 420 trillion cubic tons of natural gas alone that sits now in the OCS.

    By the way, the US Energy Information Administration today predicted an increase in world petroleum demand from 82 million barrels a day in 2004 to 11 million barrels in 2025.