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New Economic Studies on Offshore Energy Development

In 2017, API commissioned a series of regional economic studies by Calash and Northern Economics to provide independent evaluations of the potential impacts of the development of America’s offshore oil and natural gas resources in the OCS, if the current restrictions were lifted.

Ultimately, the studies confirmed that opening the currently restricted OCS areas could increase economic benefits not only specifically to the coastal regions near offshore development, but also nationally as well. This could bring increased jobs, investments in coastal communities, and strengthened U.S. energy and national security.

Offshore oil and natural gas operations are safer today than ever before. Advanced technology, safety standards, best practices, and regulations are designed to protect the environment, marine life, and workers - while enabling us to work alongside recreational fishing, tourism, and military activities. Since 2010, more than 100 standards were created or strengthened, including for improved safety and environmental management, well-design, blowout prevention, and spill response to ensure we have the best protections and highest safety measures in place.

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Studies

Atlantic OCS Development Economic Impacts

Pacific OCS Development Economic Impacts

Eastern Gulf OCS Development Economic Impacts

Alaska OCS Development Economic Impacts

One-Pagers

Atlantic One-Pager

Eastern Gulf One-Pager

Pacific One-Pager

Alabama One-Pager

Alaska One-Pager

Florida One-Pager

Georgia One-Pager

Louisiana One-Pager

Mississippi One-Pager

North Carolina One-Pager

South Carolina One-Pager

Texas One-Pager

Virginia One-Pager