Gulf Economic Survival Team
Apr 24 2012 10:02 AM
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Aug 12 2011 10:30 AM
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TOP NEWS
APRIL 17, 2012: GEST RESPONDS TO OBAMA'S CALL FOR INCREASED SCRUTINTY OF OIL MARKETS
Lori LeBlanc, Executive Director of the Gulf Economic Survival Team (GEST), released the following comments regarding the President’s announcement to increase scrutiny over oil markets.
“Today President Obama announced an initiative to increase oversight of oil markets, calling it “critically important to ensure that illegal manipulation, fraud and market rigging are not contributing to gas price increases.” The President should rest assured – illegal manipulation, fraud and market rigging are almost certainly NOT contributing to gas price increases. Rather, it is the President’s own policies that need to be scrutinized for their contribution to today’s high prices at the pump.
“We suggest President Obama begin his oversight initiative by taking a close look at his own regulatory regime to identify areas where the process can be made more efficient and transparent. By ensuring better long-term conditions for offshore energy investors, the President could have a positive impact on energy market prices in both the short and longer term."
MARCH 19, 2012: POLL SHOWS THAT AMERICANS SUPPORT EXPANDED OFFSHORE DRILLING
(from TheHill.com) Support for expanded offshore drilling, which dropped after the 2010 Gulf of Mexico oil spill, has shot back up to pre-spill levels, according to a new poll.
Sixty-five percent of the public supports expanded offshore drilling, the poll, which was conducted by the Pew Research Center, says. Support for offshore drilling dropped to 44 percent in the months after the spill and increased to 57 percent this time last year.
Read Poll Details from the Pew Research Center.
About GEST
The Gulf Economic Survival Team is a nonprofit organzation founded in June 2010 to push for a swift end to the federal moratorium on offshore drilling. Since October 2010, when the moratorium was lifted, GEST has served as a facilitator between operators, state government, and the federal government to clarify new exploration and drilling plan and permit requirements, and as an advocate for the full return of economic activity and energy production in the Gulf region. With the leadership of Louisiana Department of Natural Resources Secretary Scott Angelle, GEST meets nearly regularly with BOEM and BSEE officials to resolve these issues and continues working with the agency at the highest levels.
Building on the findings from a 2011 IHS/CERA study that focused on the economic value of an increased pace of deepwater permitting, GEST is now launching a national “Back to Work with American Energy” campaign to spread the word about the value of a robust energy industry in this nation.
Now, more than ever, America deserves the dependable source of domestic oil and gas provided by the Gulf of Mexico, and Americans deserve the economic stimulus provided by the offshore energy industry.