resident-elect Obama formally announced his energy and environmental team Monday afternoon. From the news release: Steven Chu, Secretary of Energy; Lisa Jackson, Environmental Protection Agency Administrator; Nancy Sutley, Chair of the White House Council on Environmental Quality; Carol Browner, Assistant to the President for Energy and Climate Change; and Heather Zichal, Deputy Assistant to the President for Energy and Climate Change.
NAM President John Engler issued a statement:
President-elect Obama’s choice of Steve Chu to be Secretary of Energy, Lisa Jackson as Administrator of the Environmental Protection Agency, Carol Browner to lead the policy council on environment and energy, and Nancy Sutley to Chair the Council on Environmental Quality, reflects his continuing determination to bring highly qualified people into his Administration, and his commitment to the vitally important task of bridging the nation’s energy needs with the complex challenge of climate change. All three of these individuals are highly regarded in their fields and bring with them noteworthy commitment to public service. The challenge they face is daunting, not only in its scope, but also in the potential it holds for jobs and energy security. The manufacturers of America look forward to working with the new energy and environmental team to balance energy needs with environmental considerations.
In recent discussions with NAM members, Engler has consistently emphasized the need for developing and using as many forms of energy as possible, ruling nothing out, and noted campaign statements from then Senator Obama expressing an openness to off-shore drilling. After all…
WASHINGTON – The development of America’s vast domestic oil and natural gas resources that had been kept off-limits by Congress for decades could generate more than $1.7 trillion in government revenue, create thousands of new jobs and enhance the nation’s energy security by significantly boosting domestic production, a study released Monday shows.
The ICF International study, commissioned by the American Petroleum Institute (API), shows that developing the offshore areas that had been subject to Congressional moratoria until recently, as well as the resources in Alaska’s Arctic National Wildlife Refuge and a small portion of currently unavailable federal lands in the Rockies, would lift U.S. crude oil production by as much as 2 million barrels per day in 2030, offsetting nearly a fifth of the nation’s imports. Natural gas production could increase by 5.34 billion cubic feet per day, or the equivalent of 61 percent of the expected natural gas imports in 2030.
The study also estimates that the development of all U.S. oil and natural gas resources on federal lands could exceed $4 trillion over the life of the resources.
If the goal of the new Administration is to stimulate the economy and create jobs, expanding access to the vast wealth in now off-limits energy resources would be a great move.
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