Trump Administration's Energy Home Run
Washington,
October 24, 2019
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Ben Goldey
Today, Members of the Western Caucus released the following statements after the Department of the Interior announced the disbursement of $11.69 billion in Fiscal Year (FY) 2019 from energy production on federal and American Indian-owned lands and offshore areas: "President Trump has ended the harmful war on American energy, putting Americans back to work, and lowering energy costs," said Western Caucus Chairman Paul Gosar (AZ-04). "Today's encouraging announcement shows that under the leadership of President Trump and Secretary Bernhardt, revenues from energy production have doubled since President Obama left office. While radical liberals and serial environmental litigants try to limit energy production, states and tribes are reaping the benefits of President Trump's energy dominance agenda." "The Trump Administration’s support of American energy dominance has played an important role in the revenue Louisiana receives from energy produced off our coast. Today’s announcement that we will receive more than $100 million from oil revenue sharing is welcome news for Southeast Louisiana communities that rely on this money to restore our coast and fight coastal erosion," said Republican Whip Steve Scalise (LA-01). "While this is welcome news, it also highlights the discrepancy between offshore and onshore revenue sharing and the need for coastal states to continue fighting for the same 50% revenue sharing that the onshore states receive." "These disbursements reiterate the benefits of the philosophy that economic opportunity and recreation are NOT mutually exclusive," said Chairman Emeritus Rob Bishop. "Secretary Bernhardt and the Trump administration have once again demonstrated a commitment to prudent management of our nation's natural resources." "Revenue from America’s thriving energy sector continues to greatly improve the lives of millions of Coloradans. Colorado’s Third Congressional District is fortunate to have abundant renewable and traditional energy sources that have contributed to local communities by providing funding for recreation, roads and schools," said Executive Vice-Chairman Scott Tipton (CO-03). "This historic growth in energy revenues will continue to foster an environment for the responsible development of natural resources and allow for future innovation leading to cleaner, reliable and affordable energy for all American families." "This Administration’s commitment to protecting America’s public lands while simultaneously utilizing our vast natural resources has been evident from the start. It’s very encouraging to see revenue produced from energy development is directly and tangibly benefiting the areas that produce it," said Chief Agriculture and Business Officer Doug LaMalfa (CA-01). "I thank President Trump and Secretary Bernhardt for implementing policies that support our communities and build upon the foundation of America’s economy. "President’ Trump’s pursuit of US energy dominance is working, and Louisiana – responsible for more than 80% of all offshore production in federal waters – continues to be a key component of that strategy," said Congressman Garret Graves (LA-06). "As GOMESA dollars are realized and put toward the urgent coastal restoration and resiliency projects across Louisiana’s coastal communities, and additional revenues toward education and other priorities, we’re ensuring the continued production of the energy America relies on and making strides toward long-term energy security." Background: Today the Department of the Interior announced the disbursement of $11.69 billion in Fiscal Year (FY) 2019 from energy production on federal and American Indian-owned lands and offshore areas. These figures represent a $2.76 billion increase in comparison to FY 2018, and is nearly double the disbursements distributed in FY 2016, at the end of the Obama Administration. Courtesy of the Department of the Interior: Total revenues collected last year increased by 31 percent to approximately $12 billion, continuing a successful upward trend for the Trump Administration. Often the second-highest generator of federal income following taxes, energy revenue disbursements are a critical source of funding to states, American Indian Tribes and individual Indian mineral owners, as well as to the Land and Water Conservation Fund, Reclamation Fund, Historic Preservation Fund and the U.S. Treasury. Department of the Interior's Office of Natural Resources Revenue disbursed more than $2.44 billion of the FY 2019 energy revenues to 35 states as their cumulative share of revenues collected from oil, gas and mineral production on federal lands within their borders and from offshore oil and gas tracts in federal waters adjacent to their shores. The increase in disbursements is primarily attributed to higher production volumes in both oil and natural gas, which more than offset the marginal price decrease, creating an overall increase in ONRR disbursements The complete list of states receiving revenues and FY 2019 disbursement data can be found at https://revenuedata.doi.gov. |
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