API: Biden’s restrictive offshore leasing program threatens U.S. energy security

September 29, 2023

WASHINGTON, September 29, 2023 – The American Petroleum Institute (API) released the following statement from President and CEO Mike Sommers on the Biden administration's long-delayed release of a final five-year program for federal offshore leasing:

“At a time when inflation runs rampant across the country, the Biden administration is choosing failed energy policies that are adding to the pain Americans are feeling at the pump. This restrictive offshore leasing program is the latest tactic in a coordinated strategy to reduce energy production, ultimately weakening America’s energy dominance, limiting consumers access to affordable reliable energy and compromising our ability to lead on the global stage. For decades, we’ve strived for energy security and this administration keeps trying to give it away.”

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