The offshore oil and gas industry is an important source of the oil and gas supply of the United States. Important sources of fossil energy have been found off the coasts of Louisiana, Texas, California and Alaska. Josh Jambon supports the development of these offshore fields through his company Jambon Marine Services which rents and leases offshore service vessels. Jambon is proud to support the oil and gas industry in its offshore exploration, and is also aware of the many environmental concerns which have led to the restrictions and regulations on offshore drilling efforts which he respects in his role as a supplier of service vessels.
The issue of ownership of the minerals under the offshore seabed has long been an issue of contention in Josh Jambon’s native Louisiana. A ruling by the Supreme Court in 1947 stated that the seabed off the California coast, and by extension the seabed off the coasts of Texas and Louisiana, was owned by the federal government. This ruling invalidated state leases over active offshore oil fields. The Submerged Land Act of 1953 established the ownership of the state of the seabed within 3 miles of shore. The Outer Continental Shelf Act established federal jurisdiction over the seabed farther offshore. Federal offshore leases allow development and production rights for the federal seabed. Only Texas and the west coast of Florida have extended ownership of the seabed out to 9 nautical miles. President Reagan proclaimed that the United States Exclusive Economic Zone extends to 200 nautical miles from the shore, while the Law of the Sea, which has yet to be ratified, also establishes the control of each nation for its Exclusive Economic Zone to 200 miles from its shores. The International Court of Justice has also adjudicated disputes over EEZ boundaries, while the Law of the Sea allows an extension of up to 350 miles from the shore under certain circumstances.