America's Energy Future, Part II: A Blueprint for Domestic Energy Production, Hearing Before the Committee on Oversight and Government Reform, House of Representatives, One Hundred Twelfth Congress, Second Session, July 14, 2012 [open pdf - 7MB]
From the opening statement of Darrell E. Issa: "Today we are examining how oil production here in North Dakota has created jobs, but it more importantly has created the opportunity, spoken of since the Jimmy Carter era, to be energy self-sufficient. This shale formation is part of a new frontier of domestic oil production. A new technology not available 20 years ago, in combination with hydraulic fracking or fracturing, and a technology that goes back more than 60 years, has shown us that we can produce from solid rock more oil, more billions of barrels of oil, than we thought existed in America just a few years ago. North Dakota is not just producing oil, it is producing jobs, creating an extraordinary economic boon. Since 2004, the number of available jobs in the oil and gas production in this State has increased more than 100 percent. As of May 2012, North Dakota has the lowest unemployment rate in the country at 3 percent. And as we all know, 3 percent is effectively zero." Statements, letters, and materials submitted for the record include those of the following: Darrell E. Issa, Al Anderson, Lynn D. Helms, Michael Ziesch, Jack Ekstrom, Jack Stark, Kevin Hatfield, and Henry True.
Serial No. 112-165
Government Printing Office, Federal Digital System: http://www.gpo.gov/fdsys/