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A Federal Leasing and Development Ban Threatens America’s Energy Security and Economic Growth, Undermines Environmental Progress

Energy produced on federal lands and waters plays a critical role in America’s energy revolution, accounting for 12% of U.S. natural gas production and nearly a quarter of U.S. oil production.

According to a new OnLocation analysis, The Consequences of a Leasing and Development Ban on Federal Lands and Waters (Sept. 2020), U.S. energy leadership could be at stake if a federal leasing and development ban is enacted.*

Highlights from the analysis include:

Energy Security Impacts

  • U.S. oil imports from foreign sources could increase by 2 million barrels a day by 2030
  • Annual U.S. natural gas exports could decrease by 800 billion cubic feet by 2030
  • U.S. offshore natural gas and oil production could decrease by 68% and 44% respectively

Economic Impacts

  • U.S. GDP could decline by a cumulative $700 billion by 2030
  • Nearly 1 million jobs could be lost by 2022
  • U.S. households could spend a cumulative $19 billion more on energy by 2030
  • Over $9 billion in government revenue could be at risk

Environmental Impacts

  • National U.S. CO2 emissions could increase by an average of 58 million metric tons and keep rising to represent a 5.5% increase in the power sector by 2030
  • Current transition from coal to natural gas could be delayed, keeping half the coal capacity that would otherwise be retired by 2030
  • Total U.S. coal use could increase by 15% by 2030

*Projections from publicly available information and OnLocation analysis

Downloads

The Consequences of a Leasing and Development Ban on Federal Lands and Waters OnLocation Analysis

File Size: 1.9 MB

One-Pager Overview

File Size: .2 MB

New Mexico One-Pager

File Size: .3 MB

Infographic: Federal Lands and Waters 101

File Size: .1 MB