USA: Developing national resources

AFPM president Charles T. Drevna has testified before the US House Committee on the need to develop the country’s national resources and to address issues caused by the growing and conflicting federal regulations on refiners.

Drevna said that according to the US Energy Information Administration (EIA), ‘the US has the capacity to become nearly 100% energy secure through domestic production and Canadian imports by 2025.’

Formal comments

In his testimony on ‘Oversight and Government Reform’ on the realities of the Obama administration’s strategy and its continued war on fossil fuels, Drevna said the following:

‘While the Obama administration claims to support an all of the above approach to US energy, its actions do not always match its rhetoric, and its approach would be more aptly characterised as all of the above, but nothing below. The policies of the administration and EPA continue to support a war on fossil fuels that ultimately harms consumers, workers, the economy and our country’s national security.

‘The US has the ability to secure its long term energy security through a combination of ingenuity and the right policy choices. The administration should allow the oil and natural gas industry to fully develop onshore and offshore resources on federal lands, streamline and expedite the leasing and permitting processes, and immediately approve the Keystone XL pipeline.

‘The government’s role should not be to manage the industry; it should work to provide an environmental that facilitates growth while balancing the costs and benefits of proposed regulations. AFPM urges Congress and the administration to consider the cumulative impact of new regulations prior to imposing them, to examine the effectiveness and cost of existing regulations, and to eliminate regulations that hamper American energy producers.’

Adapted from a press release by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/31052012/us_national_energy_resources/