ABSTRACT

Serial No. 113-1: American Energy Security and Innovation: An Assessment of North America's Energy Resources, Hearing Before the Subcommittee on Energy and Power of the the Committee on Energy and Commerce, House of Representatives, One Hundred Thirteenth Congress, First Session,February 5, 2013   [open pdf - 4MB]

This is the February 5, 2013 hearing, "American Energy Security and Innovation: An Assessment of North America's Energy Resources," before the U.S. Senate Committee on Energy and Commerce, Subcommittee on Energy and Power. From the opening statement of Ed Whitfield: "Certainly, we are very much aware in the last quarter our GDP decreased by .1 percent. Our unemployment has ticked up from 7.8 to 7.9 percent, and so we all face this challenge of adopting policies and taking actions that can help stimulate the economy. Certainly, one of the primary factors that affects the economy is energy policy, and certainly there are other factors as well but that plays a vital role. […] We have had all sorts of new discoveries--the Bakken field, the Eagle Ford, developments in Colorado--and most of these shale fields have been discovered on private lands, and even though the number of permits on public lands has gone down, the production on private lands has increased dramatically. So this is a real game changer, the possibility of a game changer in America. We have heard the term for many, many years, we have the opportunity to be energy independent, and that is actually the reality today, and I tell you what, people around the world are focused on it too because some of our witnesses today attended the World Economic Forum in Davos, and we know that many Europeans are expressing great concern about the abundance of energy that we have in America and their ability to compete in the global marketplace because their energy costs are going up in Europe and we have the opportunity to decrease our energy costs because of this abundance of fossil fuels that we have." Statements, letters, and materials submitted for the record include those of the following: Ed Whitfield, Bobbly L. Rush, Fred Upton, Joe Barton, Henry A. Waxman, Eliot L. Engel, Adam Sieminski, Daniel Yergin, Jennifer Morgan, Mary J. Hutzler, and E. Harry Vidas.

Report Number:
Serial No. 113-1
Publisher:
Date:
2013
Copyright:
Public Domain
Retrieved From:
Government Printing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
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