Document mB9kBX2Nmxx4KMErX6oROLgzQ

To: leila_getto@ios.doi.gov[leila_getto@ios.doi.gov] From: Jack Gerard, API Sent: 2018-03-14T09:27:20-04:00 Importance: Normal Subject: New Study Confirms Major Job Growth from Offshore Energy Received: 2018-03-14T09:27:28-04:00 Click to view this email in a browser March 14, 2018 Dear Leila, New economic analysis confirms that developing more of America's offshore natural gas and oil resources could create jobs, spur economic investment and increase revenues - not just in coastal states but across the nation. America's natural gas and oil industry supports 10.3 million nationwide jobs across a range of industries. It comes as no surprise that we could generate hundreds of thousands of additional jobs by opening some of the 94 percent of federally controlled offshore acreage that is currently off limits to responsible energy development. The new studies, conducted by Calash and Northern Economics, break down the specifics by region. Over a 20-year period after initial lease sales, the studies' projections show development in four offshore regions could support major economic activity and nationwide job growth, including: Eastern Gulf of Mexico Nearly 165,000 nationwide jobs supported Projected $118 billion total cumulative spending $14 billion spent per year by the oil and natural gas industry Atlantic Nearly 265,000 nationwide jobs supported $260 billion total cumulative spending $22 billion spent per year by the oil and natural gas industry Pacific Over 300,000 nationwide jobs supported Projected $160 billion total cumulative spending $25 billion spent per year by the oil and natural gas industry Alaska  Up to 13,500 nationwide jobs per year Projected $53.4 billion total cumulative spending Nearly $2 billion spent on average per year by the oil and natural gas While the economic impacts could extend nationwide, coastal states, in particular, stand to benefit not only in terms of jobs but revenue growth. Due to production in the Gulf of Mexico, state budgets in Alabama, Mississippi, Louisiana and Texas could see $275 million through revenue sharing - funding that can support schools, roads, bridges and other state needs. Tourism and fishing industries are thriving in these states alongside energy operations, demonstrating that energy development can safely coexist with other industries, and with military activity. Offshore development is safer than ever, with more than 100 standards created or strengthened since 2010 and the Center for Offshore Safety established to facilitate the highest safety standards and continual safety advances. World energy demand is growing, and government projections indicate the U.S, economy will be fueled by natural gas and oil for decades to come. The world needs more energy and the United States - the global leader in environmental oversight and safety standards - is the best place to provide it. Sincerely, Jack N. Gerard President & CEO API The Air Up Here U.S. air is cleaner today thanks to increased used of clean natural gas, cleaner gasoline and diesel, more efficient engines, and advanced technologies that allow America to produce more energy with a smaller environmental footprint. Learn more about the benefits of natural gas, and view API's new ad. Follow our Blog to stay up-to-date To stay up-to-date on the latest energy-related news, there is no better place to check than the Energy Tomorrow Blog. About API: API is the only national trade association representing all facets of the oil and natural gas industry, which supports 10.3 million U.S. jobs and nearly 8 percent of the U.S. economy. API's more than 625 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation's energy and are backed by a growing grassroots movement of more than 40 million Americans. To learn more about API and the value of oil and natural gas, please visit API.org. Click to view this email in a browser If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe Jack Gerard, API 1220 L Street, NW Washington, DC 20005 US