Is Western Oil & Natural Gas Included in the President’s “All-of-the-Above” Energy Strategy?
(Washington D.C.) – On Thursday, May 31, 2012, Western Energy Alliance will testify before the U.S. House Committee on Oversight and Government Reform regarding unnecessary federal regulations and obstacles imposed on the western oil and natural gas industry, despite the obvious economic and energy security benefits it brings to our nation. The hearing will begin at 9:30 a.m. EDT in 2154 Rayburn House Office Building.
Members of Western Energy Alliance's 400 member companies, which proudly contribute 27% of America's natural gas and 14% of its oil production while disturbing only 0.07% of public lands, have heard a lot lately about this Administration's supposed "all-of-the-above" energy strategy. Yet a closer look at the Administration's policies reveals obstacles to oil and natural gas production.
A recent study, Economic Impacts of Oil & Gas Development on Federal lands in the West, highlights the huge economic and job potential of twenty proposed projects in the West. However, government delays of three years or more are preventing 64,805 jobs, $4.3 billion in wages and $14.9 billion in economic activity annually.
"It's important that we recognize the role of policies and regulations that stifle economic growth. We've seen Interior Department (DOI) policies intended to slow development on federal lands, and numerous regulations from the Environmental Protection Agency (EPA) that divert significant productive resources away from energy development and toward environmental compliance without commensurate environmental benefit. For the last three years, we have been part of an 'anything but oil and gas energy' strategy," said Kathleen Sgamma, VP of Government and Public Affairs for Western Energy Alliance. Click here to view Sgamma's Testimony.
Western Energy Alliance will be available for questions after the hearing.
Who: Kathleen Sgamma, VP of Government & Public Affairs, Western Energy Alliance
What: U.S. House Committee on Oversight and Government Reform hearing, "Rhetoric vs. Reality: Does President Obama Really Support an "All-of-the-Above" Energy Strategy?"
When: Thursday, May 31, 2012, 9:30 a.m. EDT
Where: 2154 Rayburn House Office Building and online at http://oversight.house.gov/
About Western Energy Alliance
Western Energy Alliance, founded in 1974 as the Independent Petroleum Association of Mountain States, is a non-profit trade association representing 400 companies engaged in all aspects of environmentally responsible exploration and production of oil and natural gas in the West. More information on Western Energy Alliance and its members is available at www.westernenergyalliance.org.