FL S1726

Urges Congress to support expiration and removal of moratoria prohibiting oil and natural gas exploration and production in federal waters surrounding Florida

Requests that Florida be included in revenue sharing from oil and natural gas production in federal waters surrounding Florida, similar to the 2006 Gulf of Mexico Energy Security Act that provides 37.5 percent of federal revenues to other Gulf Coast states

Cites Florida's consumption of approximately 10 billion gallons of gasoline and diesel fuel annually and expected increase in natural gas-powered electricity generation from 30 percent in 2005 to over 44 percent in 2014

References the U.S. Department of the Interior's estimates of 116 billion barrels of recoverable oil and 651 trillion cubic feet of natural gas available from domestic sources, with 233 trillion cubic feet in federal Gulf of Mexico waters

Notes that Louisiana estimates generating more than $650 million annually from revenue sharing under the 2006 Gulf of Mexico Energy Security Act beginning in 2017, while Florida remains excluded from such revenues