Duncan Leads Effort to Advance SC Offshore Drilling
Washington, DC—South Carolina Congressman Jeff Duncan continues to make it well known that he has a passion for energy and the hundreds of thousands of jobs that could be created through an American energy renaissance. Over the years, Duncan has championed the cause of offshore drilling along the South Carolina coast. Duncan and others believe that the Palmetto State is well suited to benefit from an energy boom. Private estimates show that the state could have as much as 3.5 trillion cubic feet of natural gas off the South Carolina coast. A separate study calculated that oil and natural gas production could create over 7,500 new jobs in South Carolina, have a statewide economic impact of over $2.2 billion annually, and generate around $87.5 million in new state revenue.
Congressman Duncan’s most recent energy victory was the passage of legislation approving the Transboundary Hydrocarbon Agreement with Mexico, an agreement he authored in the House that opened up roughly 1.5 million acres in the Gulf of Mexico for oil and natural gas production. “Congressional approval of the Transboundary Agreement was a big step forward, but now the next step is opening the Atlantic coast for safe and thoughtful energy production,” said Duncan.
Before energy production can take place, there must first be extensive seismic testing to determine where resources are concentrated offshore. The delay of seismic testing has placed states like South Carolina and Virginia at odds with the Obama Administration, and was the subject of a Congressional hearing on Friday.
“Americans don’t want Washington meddling in their everyday lives, just like South Carolina doesn’t want the Federal Government standing in the way of jobs. It’s important that the Administration gives South Carolina the freedom to utilize our resources and create high paying jobs in the process,” said Duncan.
Several expert witnesses were on hand during the hearing to confirm the importance of seismic testing, one of which was Dr. James Knapp a geologist from the University of South Carolina. Dr. Knapp pointed out that the country has “a truly historic opportunity to fairly evaluate the energy and mineral resource base of the Atlantic OCS through acquisition of new seismic surveys.”