On the recordJune 25, 2013
Madam Speaker, I rise today in support of H.R. 1613, the Outer Continental Shelf Transboundary Hydrocarbon Agreements Authorization Act. Over 3 years have passed since President Obama and then-President Calderon agreed on the need to finalize a transboundary hydrocarbon agreement which now needs to be approved by Congress. This agreement would establish a cooperative process for managing the Gulf of Mexico to promote joint utilization of transboundary reservoirs. The transboundary hydrocarbon agreement set to be enacted after decades of indecision between the Republic of Mexico and the United States allows oil and natural gas production on 1.5 million acres that was previously off limits because of border issues. The Mexican Legislature has already acted on this agreement, and we are now waiting on Congress to act. The transboundary agreement is good for the United States and is good for our relationship with the Republic of Mexico and is good for economic growth and good for environmental protection. This agreement would allow the American industry to work directly with PEMEX, instituting cutting-edge technologies. I ask Congress to approve this. ____________________





