On the recordFebruary 2, 2016
I speak on amendment No. 3192, which is revolutionary. At some point I will yield to my colleague the Senator from Louisiana to further discuss this amendment. Mr. President, the amendment I filed today is a byproduct of the work and bipartisan agreement of members representing the gulf, the Atlantic, and the Arctic regions of our country. I specifically thank Senators Murkowski, Warner, Scott, Vitter, Kaine, and Tillis for their contributions in our efforts to bring greater equity revenue sharing from funds derived from offshore energy production. For years, energy activities in coastal gulf States and adjacent offshore waters have produced billions of barrels of oil and trillions of cubic feet of natural gas for American energy consumers. The States along the gulf coast and the Arctic, et cetera, have supported offshore energy development for the rest of the country, providing the support for and paying for the infrastructure needed to bring this energy to market. With all of this development, as you might guess, there have been increased costs associated with supporting this increased traffic, additional use of local and State resources, as well as transportation corridors--such as pipelines, vessels, and trucks--to get this energy delivered to those consumers driving vehicles all across the United States.…





