Attacks on Saudi Arabian Oil Production Underscore Need for a Stronger Domestic Energy Program

For Immediate Release: Monday, September 16, 2019
Contact: Justin Williams, (202) 465-8464,  jwilliams@nullnoia.org

Attacks on Saudi Arabian Oil Production Underscore Need for a Stronger Domestic Energy Program

Washington, D.C.NOIA’s Vice President of Government and Political Affairs, Tim Charters, issued the following statement regarding the drone attack on Saudi Arabian oil production over the weekend:

“The attack on the heart of Saudi Arabian oil production demonstrates once again the need to expand and diversify U.S. domestic energy production.  Last week, the House displayed misguided focus and a miscalculation by moving to ban offshore areas for exploration. Today, Brent crude prices opened with their largest spike in history.

“As we have seen, the world can change almost overnight. It was just 10 short years ago when an oil price shock helped deepen the U.S. recession and a Democrat-led Congress lifted an offshore drilling moratorium.  The fragility in the Middle East shows that those who say we can turn our back on American-produced energy are foolish and risk our economic and energy security. In reality, the U.S. should be looking to broaden offshore energy exploration to discover new resources, secure our energy future and strengthen our economy.

“While we pray for the safety and peace of the people of the Middle East, we must expand access to stable, homegrown energy for Americans.”

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NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of both traditional and renewable energy resources on the nation’s outer continental shelf. NOIA’s mission is to secure reliable access and a fair regulatory and economic environment for the companies that develop the nation’s valuable offshore energy resources in an environmentally responsible manner. The NOIA membership comprises nearly 250 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance, and renewable energy.