We think it played a very important part in actually helping not only, you know, innovative companies, but also established companies, in de...
By passing this legislation, we will ensure that all moratorium-impacted leases are extended.
But the bottom line is we need to step it up, or these numbers are going to get worse, not better.
I want to clear for the record that--and this is from the EIA Short-Term Energy Outlook--this is not Mary Landrieu's chart.
If we don't start issuing permits more quickly for new drilling, if we don't start exploring in areas that really deserve to be explored, th...
Because I did not want the public to know what I had done -- very simple.
We may be at high levels today, but we are not going up. We are going down.
It used to be, basically, you submitted your permit and within 30 or 60 days, you got a yes or a no.
The Lease Act fairly restores time lost as a result of the offshore moratoria by extending the impacted leases by 1 year.
There is a tremendous amount of money, Mr. Chairman, being invested by companies. There is oil and gas in the ground.
It is quite alarming that, to date, not one single new deepwater well permit for drilling in the Gulf has been issued.
I want to associate myself with the remarks of Senator Hutchison. I am proud to cosponsor the Lease Act with her.
this Senator will not vote for anything unless there is some recognition of the platform that our State, you know, serves for this industry
There is not a new deepwater permit. Is that correct?
Questions Submitted by Senator Mary L. Landrieu
I'm concerned about the increased reliance by these major drug dealers to basically build their own submarines.
I think we're about complete. If you all would just be patient, one more question from me, then we're going to end the meeting.
When will you have that report to us? Do you think it will be 30 or 60 days in time for us to consider it in this budget cycle?
