Jay Timmons, executive vice president of the National Association of Manufacturers, issued a statement in reaction to President Obama’s announced support for some expanded offshore energy development.
The take away:
- Today’s announcement by President Obama to move forward with opening portions of the Outer Continental Shelf for oil and natural gas exploration and development is a positive step toward a lower cost domestic energy supply and ensuring U.S. energy security and independence. Manufacturers commend the President for his leadership on this issue.
- While manufacturers support the President’s announcement, we also believe the Administration has missed an opportunity to take advantage of proven and known reserves in Alaska and other portions of the OCS and to expedite the leasing process. To shut down known resources only hinders our ability to reduce our foreign energy dependence and create jobs.
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