Checks and Balances Project launches Western Lands and Energy Dashboard

FOR IMMEDIATE RELEASE:

January 27, 2012

Checks and Balances Project launches
Western Lands and Energy Dashboard

In wake of State of the Union energy debate, watchdog group works to counter claims
by API, Western Energy Alliance

Denver – Today, the Checks and Balances Project launched its Western Lands and Energy Dashboard examining oil and gas development and public lands access in the West.

The dashboard is an impartial counter to the rhetoric of industry lobby groups such as American Petroleum Institute and Western Energy Alliance as well as politicians with deep industry ties as a result of oil and gas campaign contributions.

The dashboard presents the facts and figures of the oil and gas industry and public lands development in a simple and clear way, with links to original sources.

“After the State of the Union address, we saw a pile-on by industry lobbyists and Big Oil politicians to spread misinformation about the health of America’s oil and gas industry,” said Matt Garrington, Denver-based co-director of The Checks and Balances Project. “Our research demonstrates that business is booming for the oil and gas industry, and that those companies continue to underutilize existing access to public land while demanding taxpayer handouts.”

“Last year, under the Obama administration, oil companies reported $104 billion in profits and enjoyed the highest level of drilling activity since the Reagan era. This is the sort of information the oil and gas industry and their supporters in Congress neglect to mention. We want to set the record straight,” continued Garrington.

The dashboard contains a series of slides that focus on specific areas of interest. Every fact in the slides is cited to original sources, including government agencies, industry data, and nonpartisan think tanks.

“The Checks and Balances Project is committed to providing accurate data regarding our nation’s energy production and land use,” said Garrington. “This is why we created the Project, to counter industry spin with cold, hard facts.”

The organization plans to add new research over time and update existing slides as new data becomes available.

Among the key findings are:

  • Drilling activity is at its highest level in 25 years.
  • The oil and gas industry saw windfall profits of $104 billion in the first three quarters of last year, due primarily to a dramatic rise in the price at the pump.
  • The oil and gas industry receives $9.4 billion every year in special tax breaks and subsidies.
  • Over 20 million acres of public lands leased for energy development remain idle.
  • The oil and gas industry has failed to develop 6,500 drilling permits issued by the BLM.
  • The oil and gas drilling industry employed 615,900 people in 2010, adding over 40,000 jobs during President Obama’s first two years in office.
  • The U.S. is now a net exporter of petroleum products for the first time since 1949.

The dashboard can be found at: www.checksandbalancesproject.org/dashboard

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