Presidential Debate: Manufacturers Need Affordable Energy

By October 16, 2012Energy

Energy has become a hot topic right off the bat in the second Presidential Debate. Affordable energy is extremely essential to the competitiveness of manufacturers and job creation as manufacturers use one-third of our nation’s energy supply.

Governor Romney and President Obama both laid out their strategies of how they will steer us to energy independence and lower the price of energy for manufacturers. We have to have an “all-of-the-above” energy policy which includes all sources of energy including coal, nuclear, natural gas, the Keystone XL pipeline, expanded exploration and drilling for oil in addition to renewable sources. The Keystone XL pipeline is a job creator, immediately creating 20,000 manufacturing and construction jobs and 118,000 spin-off jobs.

Shale gas is a real game-changer for manufacturers. An NAM and PwC study late last year showed that shale can create one-million badly needed manufacturing jobs. We can’t afford burdensome regulations that will slow down the shale revolution we are seeing.

We couldn’t agree more with Governor Romney when he said “Let’s take advantage of energy resources we do have.” With unemployment at 7.8 percent and manufacturers losing jobs for the second consecutive month we need action from Washington to keep manufacturers competitive.

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