94 percent of U.S. offshore resources are not available for investment. Ninety-four percent of the United States’ offshore resources are not available for investment. That’s what Eric Oswald, vice president for the Americas at ExxonMobil, revealed during a presentation at the Offshore Technology Conference in Houston, Texas, on Wednesday. “You guys know how much of the U.S. offshore is available for investment? … Six percent. Ninety-four percent of our nation’s resources offshore … are not available for us to invest in,” Oswald told delegates attending the presentation. “Who’s losing there? I mean it’s the country, right? It’s a huge amount of potential lost there … That’s an astonishing number,” he added. According to a Bureau of Ocean Energy Management fact sheet (BOEM), U.S. Outer Continental Shelf (OCS) production accounts for about 18 percent of domestic crude oil and four percent of domestic natural gas supply. In fiscal year 2016, […]