PESA Public Policy Priorities
The oilfield services and equipment sector accounted for more than 500,000 American jobs in 2017. As that number grows, so too does the significance of the critical policy issues facing this sector. PESA is a strong advocate for our members by working toward fair and practical trade practices, balanced regulatory measures, and increased access to onshore and offshore resources.
PESA support efforts to foster pro-business emphasis on fair cooperation, retention of dispute settlement mechanisms, and robust intellectual property protections. We also advocate a predictable long-term trade environment that allows for confident cooperation and dependable supply chains.
Tariffs and Trade
PESA Members generally do not support tariffs as a solution to rectify trade imbalances. PESA supports a balanced approach to trade and tariffs that both addresses illicit practices and considers economic implications for U.S. businesses. Such an approach is achievable with stakeholder input and deliberative policymaking.
Access to and responsible development of U.S. offshore energy resources is vital to a robust, forward-looking energy policy that will help secure the nation’s energy supply and economic prosperity. PESA supports the comprehensive approach in the draft National OCS Program, particularly the inclusion of the EGOM.
Pragmatic and environmentally sound regulatory reforms are key to streamlining oil and gas development. PESA is committed to advocating for reforms that create substantial, long-term change and integrate the newest technologies across the industry. Most importantly, PESA supports the rigorous application of evidence-based science that weighs the societal costs and benefits of regulatory changes.