Steel Group Lauds House Passage of Offshore Drilling Bill

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For Immediate Release:
June 28, 2013

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) today applauded House passage of the Offshore Energy and Jobs Act, H.R. 2231, which would expand offshore energy exploration and production by requiring the Obama administration to submit a new five-year offshore plan for the Outer Continental Shelf (OCS) Oil and Gas Leasing Program.  The measure, which passed by a vote of 235-186, would also direct the Department of the Interior to allow lease sales off the coasts of Virginia, South Carolina and parts of California -- where substantial amounts of energy resources are known to exist. 

Thomas J. Gibson, president and CEO of AISI, “Under the current plan, 85 percent of the resource potential of the U.S. OCS is being ignored, depriving the nation of significant energy resources and related economic benefits.  It is essential that the administration allow the development of additional domestic oil and natural gas resources to help lower energy costs and keep supplies reliable for domestic manufacturers, like the steel industry.  This will allow us to maximize our efficiency and international competitiveness, while maintaining valuable American jobs.”

The domestic steel industry is the most energy efficient of any major steel producing country but is still negatively impacted by high energy prices, Gibson said. 

“Without continued access to an abundant and affordable domestic energy supply, highly-skilled steelmaking jobs will be pushed overseas to parts of the world that have lower energy costs, contributing further to the decline of the North American manufacturing sector.  Today’s vote is a great step in ensuring steel jobs remain here at home," concluded Gibson.

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

For a PDF version of this release, click here.

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice.  AISI also plays a lead role in the development and application of new steels and steelmaking technology.  AISI is comprised of 24 member companies, including integrated and electric furnace steelmakers, and 125 associate members who are suppliers to or customers of the steel industry.  AISI’s member companies represent over three quarters of both U.S. and North American steel capacity.  For more news about steel and its applications, view AISI’s website at www.steel.org.