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  • offshore drilling

    Gulf Coast Businesses Suffer Strain of Offshore Drilling Slowdown

    As gas prices continue to climb, approaching a nationwide average of nearly $4, lawmakers in Washington turned their attention to the drilling slowdown in the Gulf of Mexico. The House Subcommittee on Energy and Mineral Resources held the oversight hearing Thursday examining how the Obama administration’s policies have put a … More

    Businesses Blame Drilling Slowdown for Loss of Jobs, Revenue

    More than 15 months after the Obama administration lifted its ban on offshore drilling in the Gulf of Mexico, oil and gas supply and service companies report they are suffering significant financial hardships from the government’s actions. The moratorium — as well as the slow pace of permitting that followed … More

    Have You Been Negatively Affected by Regulatory Overreach? Tell Us About It

    Stories are powerful. They help us relate to other individuals and communicate complex issues. They are an essential ingredient to making policy change in Washington. That’s why we’re asking for your help. The Heritage Foundation is seeking examples of individuals, entrepreneurs and business owners who have been negatively affected by … More

    Gas Prices at All-Time Christmas High

    Americans hitting the road this week are likely to encounter the highest-ever price for gas at Christmas in history. According to figures from AAA, the nationwide average for regular unleaded is $3.21 per gallon — an increase of 23 cents over last year’s Christmas record. This marks the second straight … More

    Scribecast: Sen. David Vitter on Drilling, Jobs and the Deficit

    Few people have been more vocal about the challenges facing offshore drilling in the Gulf of Mexico than Sen. David Vitter. As a Republican from Louisiana, Vitter has firsthand knowledge of the Obama administration’s slow pace of permitting since last year’s oil spill. Louisiana has yet to fully recover from … More

    Offshore Drilling Plan Lacks Something: More Drilling

    Yesterday, the Department of Interior released its new five-year offshore drilling plan. Unfortunately, the program is far less expansive when it comes to opening areas to access, exploration, and drilling than it should be. The plan schedules 15 possible lease sales in the 2012–2017 time horizon—10 in the central and … More

    Gingrich Wants House GOP to Pass Democrat-Backed Offshore Drilling Bill

    Speaking at Heritage this morning, former Speaker Newt Gingrich called on House Republicans to put politics aside and pass a new proposal from two Democratic senators that would expand offshore drilling off Virginia’s coast. Gingrich suggested it should be one of the top priorities for the House GOP when lawmakers … More

    Huge Oil Discovery in Gulf of Mexico Underscores Importance of Exploration

      President Obama’s decision to allow some deepwater drilling to resume in the Gulf of Mexico is already yielding impressive results. ExxonMobil announced yesterday it had discovered what amounts to 700 million barrels of oil in the Gulf — the largest find in 12 years. The discovery comes about two … More

    NEW VIDEO: Busting Gas Price Myths

    As Americans across the country gas up their cars for their Memorial Day getaways this weekend, their wallets will take a bigger-than-usual hit. That’s because gas prices are up $1.06 from last year according to a study by AAA. In fact, prices have more than doubled since President Obama took … More

    Morning Bell: Obama's Anti-Energy Policies Are Bankrupting America

    Randall Stilley has witnessed firsthand the Obama administration’s job-killing agenda. As the president and chief executive of Seahawk Drilling, he had to lay off 632 employees before filing for bankruptcy — a direct result of President Barack Obama’s anti-energy policies. Stilley’s company owned and operated 20 shallow-water rigs in the … More