This Will Spur Off-Shore Development ...

... assuming, of course, the Federal government approves leases.

Link here to Rigzone.com.

Energy-rich states would be in a position to receive millions of dollars of oil royalties and other energy revenue currently collected by the federal government under a proposal being put together by a pair of key lawmakers.

The plan, being developed by top members of the Senate Energy & Natural Resources Committee, would allow states like Alaska to collect a share of royalties from oil in the U.S.-controlled waters of the Arctic Ocean and sets up other states like California to collect a share of revenue from solar power produced on public lands.