Proposed federal land lease ban hits Wyoming hardest, new analysis shows
CASPER, WYOMING – The Petroleum Association of Wyoming (PAW) and the American Petroleum Institute (API) released a new analysis warning of negative consequences for Wyoming if a ban on federal leasing and public lands were to take effect. Wyoming, which accounts for 38 percent of federal onshore natural gas production and 16 percent of oil production, is projected to be among the states hardest hit, standing to lose more than 33,000 jobs and putting $640 million in state federal revenue sharing at risk.
“Given that nearly 50 percent of all lands in Wyoming are owned by the federal government, a ban on federal leasing and development would decimate the natural gas and oil industry and Wyoming’s economy along with it,” PAW President Pete Obermueller said. “This policy would damage both national security and environmental stewardship while devastating Wyoming’s middle class, local communities and public school system.”
“Banning federal leasing and development on federal lands and waters would derail decades of U.S. energy progress and return us to the days of relying on foreign energy sources hostile to American interests,” API President and CEO Mike Sommers said. “This is ultimately a choice between American-made energy and foreign energy, a choice between American jobs and foreign jobs. It’s clear a federal leasing ban should be off the table – there’s far too much at stake for American workers, local economies and our nation’s energy security.”
The analysis, prepared by OnLocation and commissioned by API, used the same software the U.S. Energy Information Administration (EIA) uses to produce their Annual Energy Outlook. Key projections include:
- The impact of a federal leasing ban in Wyoming would be devastating:
o Oil production would decrease by 31 percent and natural gas production would decrease by 36 percent.
o Over 33,000 jobs would be lost, accounting for over 8 percent of the total jobs in the state.
o $641 million in state revenue would be at risk.
- America’s energy security would be at risk:
o By 2030, offshore production for natural gas would decrease by 68 percent and for oil by 44 percent.
o U.S. oil imports from foreign sources would increase by 2 million barrels a day.
o Through 2030, the U.S. would spend $500 billion more on energy from foreign suppliers.
- The U.S. economy would take a hit:
o U.S. GDP would decline by a cumulative $700 billion through 2030.
o Over $9 billion in government revenue, including funding for state education and conservation programs, would be at risk.
o Nearly one million jobs would be lost by 2022, with top production-states suffering significant losses.
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