Anti-energy activists are planning to attack the oil and natural gas supply in the United States through a critical strategy. They want the federal government to stop new leases for oil and natural gas development. The damage to our domestic supply and energy output could:
- Increase oil imports and greater dependence on foreign oil. As EIA projects, the United States will continue to use oil well into the future, and more imports would increase U.S. dependency on others for its energy needs.
- Diminish U.S. energy security. At home and abroad, less domestic energy production and increased dependency would make the U.S. less secure in the world, more vulnerable to global energy pressures.
- Weaken the economy. Oil and natural gas are the engines of our economy, and cutting domestic development will mean job losses, lower GDP, less revenue for government and higher household costs.