ABSTRACT

America's Offshore Energy Resources: Creating Jobs, Securing America, and Lowering Prices: Hearing Before the U.S. House of Representatives Natural Resources Committee, Subcommittee on Energy and Mineral Resources Oversight, One Hundred Thirteenth Congress, First Session, March 5, 2013   [open pdf - 2MB]

This testimony compilation is from the March 5, 2013 hearing, "America's Offshore Energy Resources: Creating Jobs, Securing America, and Lowering Prices," before the U.S. House of Representatives Natural Resources Committee, Subcommittee on Energy and Mineral Resources Oversight. From the opening statement of Doug Lamborn: "I'd like to thank everyone for attending our hearing today - where our Subcommittee is meeting to discuss the economic driver that is the offshore energy industry. This subcommittee has long explored the many facts and figures included in several studies that point to the far-reaching job creation potential of an aggressive offshore energy program in the United States. It's no secret that the Obama Administration finalized an offshore leasing plan last year that closes a vast majority of our nation's Outer Continental Shelf to oil and gas development - including areas that have long awaited such development - like offshore Virginia. […] Aside from the jobs aspect, there is also the very real impact that resource generation has on world prices. In today's global market, American energy production does not occur in a vacuum. When we forecast to the world that we will be aggressively developing our nation's energy resources - the markets respond accordingly. And this is important, because according to the Energy Information Administration (EIA), American families are spending the highest percentage of household income on gasoline in r:i.early three decades - the sole exception being 2008 at the height of the economic downturn. While my colleagues on the other side of the aisle would like to argue that producing more American energy will have no impact on prices, I will happily point to the impact that oil production, largely on private lands of Bakken, is having breaking the domestic price from the world price of oil." Statements, letters, and materials submitted for the record include those of the following: Doug Lamborn, Doc Hastings, Cory H. Kief, Chett C. Chiasson, Brian Kroll and Bob Mitchell.

Publisher:
Date:
2013-03-05
Copyright:
Public Domain
Retrieved From:
U.S. House of Representatives Natural Resources: http://naturalresources.house.gov/
Format:
pdf
Media Type:
application/pdf
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