Opening the full Outer Continental Shelf to energy production would create 36 million jobs over the next 30 years.
Read that again so it sinks in. The oil and gas extraction industry currently employs about 168,000 Americans.
Republican Study Committee Chairman Tom Price (R-GA) issued the following statement as President Obama and fellow Democrats continue to push their disastrous National Energy Tax (“cap-and-trade”) policy through Congress.“It seems there is no problem for which President Obama, Nancy Pelosi and their friends in Congress don’t have a massive new tax,” said Chairman Price. “American families are struggling to make ends meet, yet Democrat leaders in Washington want to tax them for using the only energy sources available to them. Simply put, if you flip on a light switch, you will have to give more money to Washington. With thousands of dollars in new taxes for every family, this fatally-flawed scheme will only deepen our economic troubles. Consumers and businesses alike will feel the pain, but predictably Washington will see a big pay day. While it’s fantasy to think ‘cap-and-tax’ will end climate change, the stark reality is that it will devastate our economy.
“A healthy environment and a healthy economy go hand-in-hand: American prosperity and wealth makes ‘green’ possible. Instead of penalizing American families with new taxes, we must pursue a 21st century energy solution that focuses on conservation, innovation and responsible production of American-made energy. Creating new clean renewable energy sources is the key to a sustainable environment and a stable economy. By setting in motion the genius and ingenuity of the American people, we can create a thriving new American energy economy that encourages growth instead of punishing everyday life.”
