Building the right climate for energy development can produce remarkable results.
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DEJA is designed to streamline and simplify regulations, boost domestic energy supplies, build American energy infrastructure—including the Keystone XL pipeline—and safeguard America’s supply of critical minerals used in high-tech manufacturing. Like our Empower North Dakota plan, it’s a true “all-of-the-above” approach to energy development that will drive America’s overall economic recovery and help advance us toward energy security.
This legislation is both timely and necessary. A study by the U.S. Chamber of Commerce released in 2011 cited 351 energy projects, both renewable and traditional, that were stalled because of legal, tax, and regulatory uncertainty, at a cost of $1.1 trillion to the American economy and nearly 2 million American jobs.
A second measure I’ve introduced, the Empower States Act, is vital to continuing the recent remarkable growth of shale oil extraction. It will help ensure that states retain primary authority to manage hydraulic fracturing. The bill takes a states-first approach because states know their land, their geology, and their water resources; they have a vital stake in protecting their environment and citizens. At the same time, the Empower States Act provides for a safety net that allows the Environmental Protection Agency to step in if there is a danger to health or the environment.
The need for a sensible approach to fracking was underscored by a recent U.S. Chamber study of shale energy production. The study projects that between 2013 and 2035, the shale energy industry is expected to invest more than $5 trillion, create nearly 3.5 million jobs, and generate more than $2.5 trillion in local, state, and federal tax revenues.
We are at a moment in our history when we can turn adversity into opportunity and realize a goal—true energy security—that we could only dream of a generation ago. We must seize this opportunity to make America stronger, safer, and more financially secure by developing energy right here at home to meet our needs, now and for the future.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?