Foreign Policy Blogs

A step forward?

The Minerals Management Service (part of the Department of the Interior) and the Federal Energy Regulatory Commission announced they they will work together in regulating offshore alternative energy activities. This is a necessary but belated step. What’s worrisome is a nascent turf battle between the two agencies, especially at offshore sites that interest more than one type of energy developer.

Let’s hope the Memorandum of Understanding (MOU) does not split responsibilities a la the FDA and USDA food inspection regimes where, for example, at a frozen pizza facility, the USDA would be responsible for inspecting the pepperoni pizza process and the FDA, cheese pizza making.

The Minerals Management Service will have enough on its plate deciding how to adequately receive fair value for the American citizen when leasing federal sites on the Outer Continental Shelf without a turf battle over regulating as well. Maybe what is needed, instead of an MOU is a legislative fix.

 

Author

David Abraham

David S Abraham has expertise in the analysis of geopolitical and economic risk as well in energy issues. At the White House Office of Management and Budget, his work included overseeing natural resource and foreign assistance programs, and serving on the interagency trade policy committee. In his previous role as a sovereign risk analyst with Lehman Brothers, subsequently, Barclays Capital, he advised the firm on geopolitical and economic risks in developing countries. He has also consulted for a variety of organizations including the United Nations Support Facility for Indonesian Recovery, RBS Sempra Commodities, ClearWater Initiative and a small German consultancy. David earned degrees from Boston College and The Fletcher School at Tufts University and proudly served as a Peace Corps Volunteer. His written work has appeared in a variety of publications, most recently in The New York Times, The Providence Journal, and CFR.org. He speaks Lithuanian and is a Term Member at the Council on Foreign Relations.

Area of Focus
Geopolitics; Economic Risk; Energy Issues

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