The universe and geographic scope of offshore energy projects in the United States traditionally has been fairly limited. The offshore energy industry is perceived by many to mean oil and natural gas exploration and production and associated activities in the Gulf of Mexico. Policy makers have, however, expressed a need to expand offshore energy resources in light of fluctuating energy prices, national security concerns, and a greater public awareness about global warming. This trend is highlighted by Congress’ willingness to let the 26-year old OCS leasing moratoria expire and the federal government’s support for the development of offshore renewable energy projects.
While certain obstacles have been removed, Congress and regulatory agencies will have to take additional steps to facilitate the development of offshore energy in all its forms. The new administration and the 111th Congress will be and already are active on this front. While the global economy is the current focus of Washington, the message from the Obama White House and the new Congress is clear that developing the nation's offshore energy resources is a significant component of revitalizing that economy.
Sutherland's OffshoreEnergyLawBlog serves as a vehicle to inform U.S. offshore energy project developers, policy makers, and interest groups about important policy, regulatory and political matters impacting their industry. As a resource for these stakeholders, similar to Sutherland’s LNGLawBlog, the Blog provides information on matters relating to development of offshore renewable energy, oil and gas resources, LNG, and other areas. The OffshoreEnergyLawBlog -- where offshore energy meets federal policy, regulation and politics.