The price of natural gas is through the roof.
MMS must have a leasing plan in place if Virginia seeks to end the moratorium and encourage offshore oil and gas development.
Of all the platforms that were destroyed, not all of them will be rebuilt, which means we will lose permanently a certain percentage ... we estimate maybe 4 or 5% ... of oil and gas that will not be produced.
We need to find natural gas and oil in order to bridge the gap between now and the commercial development of renewable energy sources.
This sale represents a record in terms of the total volume of RIK gas sold, the number of bids received, and the total number of companies that made offers.
With sharply higher energy prices buffeting both families and businesses, we want to be sure that we fully consider the environmentally sensitive development of the vast domestic oil and gas resources off our coasts.