Domestic Energy Development

September 30, 2005 • Volume 15, Issue 34
Will more domestic drilling help meet U.S. energy needs?
By Jennifer Weeks

Introduction

An offshore oil rig washed ashore in Alabama after high winds and waves from Hurricane Katrina ripped it from its moorings in August 2005. Gulf Coast refinery operations were also disrupted by the storm.  (AFP/Getty/Paul J. Richards)
An offshore oil rig washed ashore in Alabama after high winds and waves from Hurricane Katrina ripped it from its moorings in August 2005. Gulf Coast refinery operations were also disrupted by the storm. (AFP/Getty/Paul J. Richards)

Hurricanes Katrina and Rita damaged oil and gas facilities throughout the Gulf of Mexico region, exacerbating the nation's energy problems. Since 1999 world oil prices have doubled and the U.S. cost of natural gas has tripled. In response, the Bush administration is pressing for increased domestic oil and gas production, and Congress is considering expanding energy development in areas currently off-limits, such as the Arctic National Wildlife Refuge and offshore oil fields. The administration already has relaxed limits on energy exploration on public lands and supports building new refineries and gas-delivery systems. Opponents say such actions could cause serious environmental damage and that states should have more control over energy development decisions. Environmentalists say relying more on conservation and renewable fuels would foster greater energy security.

ISSUE TRACKER for Related Reports
Oil and Gasoline Prices
Jun. 22, 2012  U.S. Oil Dependence
Nov. 01, 2011  Future of the Gulf States
Jan. 04, 2008  Oil Jitters Updated
Jul. 2007  Energy Nationalism
Sep. 30, 2005  Domestic Energy Development
Jan. 24, 2003  Oil Diplomacy
Aug. 07, 1998  Oil Production in the 21st Century
Aug. 23, 1991  Oil Imports
Oct. 30, 1987  Persian Gulf Oil
Apr. 04, 1986  Oil Prices
Dec. 23, 1983  Quest for Energy Independence
Sep. 23, 1983  OPEC: 10 Years After the Arab Oil Boycott
May 29, 1981  Western Oil Boom
Aug. 25, 1978  Oil Imports
Feb. 10, 1978  Oil Antitrust Action
Dec. 17, 1976  Alaskan Development
May 17, 1974  Arab Oil Money
Mar. 15, 1974  Oil Taxation
Jul. 18, 1973  Offshore Oil Search
Mar. 28, 1973  Persian Gulf Oil
Nov. 01, 1972  Gasoline Prices
Oct. 14, 1970  Fuel Shortages
Nov. 12, 1969  Alaskan Oil Boom
Dec. 11, 1968  Oil Shale Development
Oct. 26, 1960  World Oil Glut
Sep. 10, 1958  Middle East Oil
Oct. 30, 1951  Oil Nationalization
Aug. 11, 1950  Oil Imports
Apr. 23, 1947  Oil of the Middle East
Jan. 22, 1946  Offshore Oil
Mar. 09, 1944  Oil Supply
Dec. 24, 1935  Oil in World Politics
May 07, 1931  Control of Production in the Oil Industry
Mar. 27, 1929  The Oil Leasing Policy of the New Administration
Jun. 08, 1927  Oil Conservation and Stabilization
Feb. 08, 1926  The Mexican Land and Petroleum Laws
Apr. 18, 1925  The Price of Gasoline
Feb. 11, 1924  Background of the Oil Lease Cases
Sep. 01, 1923  Gasoline
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Oil and Natural Gas