For Immediate Release
Statement by the President
STATEMENT BY THE PRESIDENT I commend Congress for passing the Outer Continental Shelf legislation, which will help to reduce our dependence on imported sources of energy by increasing access to domestic sources of oil and gas. Developing these reliable domestic resources in an environmentally sound manner will help address high energy prices, strengthen our energy security and protect manufacturing jobs. The bill also provides the producing States of Texas, Louisiana, Mississippi, and Alabama a share in the royalty revenues from OCS leases. I appreciate the commitment by the State of Louisiana to use revenues from these leases to restore coastal wetlands. # # #
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