[Congressional Record Volume 160, Number 110 (Tuesday, July 15, 2014)]
[House]
[Pages H6220-H6221]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
STRATEGIC ENERGY POLICY--UTILIZING NATURAL GAS AT HOME AND ABROAD
The SPEAKER pro tempore. The Chair recognizes the gentleman from
Pennsylvania (Mr. Thompson) for 5 minutes.
Mr. THOMPSON of Pennsylvania. Mr. Speaker, in a dramatic shift from
just a short time ago, the United States is reducing its dependence on
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foreign sources of energy. It has the opportunity to become a major
force in the international energy market. It is being made possible
through the development of our domestic energy resources, namely the
expansion of unconventional resources, such as shale gas and oil.
Through remarkable innovations, the U.S. has been able to access oil
and gas from shale formations that were previously inaccessible or
uneconomical to produce. As a result, we have quickly moved from energy
dependence and a weaker footing to energy abundance and strategic
leverage both domestically and abroad.
At a time when the economy has not recovered at an acceptable pace,
gas production in particular areas, such as the Marcellus shale in
Pennsylvania, have provided a key source of economic relief and job
creation. As a result of the Marcellus, Pennsylvanians and Americans
across the country are benefiting from lower heating costs, businesses
are able to produce goods more efficiently, and manufacturers are
looking to relocate to the United States to create products, support
economic expansion, and grow jobs that were previously headed overseas.
But, Mr. Speaker, if we are to sustain the same level of growth and
expansion, policymakers must make smart choices for the future so that
we support rather than hinder this opportunity. To start, we must
continue to expand gas utilization domestically.
The Marcellus shale, for example, has changed where, in the United
States, gas is transported and utilized and how it is transported from
region to region. This reconfiguration requires new infrastructure,
including pipelines for transmission and transport and new processing
facilities, and this all requires long-term planning and investment.
Additionally, because the domestic production of natural gas is far
surpassing U.S. demand, most economists agree that a modest expansion
of natural gas exports would serve to stabilize domestic prices and
supply, which is critical to sustaining the rapid growth in the
industry that we have witnessed. Furthermore, each gas export terminal
is a multibillion-dollar investment that creates construction jobs in
addition to the more permanent positions within the natural gas value
chain. That means jobs for steelworkers, turbine manufacturers,
pipefitters, and others, which will help communities across the
country.
Given the situation in Ukraine and events in the Middle East, we are
reminded that our energy resources can also provide significant
geopolitical benefits. Exporting even a small amount of these plentiful
resources overseas to our allies will strengthen not only our domestic
economy but our national security. President Obama, Secretary of State
Kerry, and leaders of the European Union have clearly stated that
additional global supplies of natural gas will benefit Europe and our
strategic partners. For this reason, I am proud to say the House
recently passed H.R. 6, the Domestic Prosperity and Global Freedom Act.
This bipartisan bill would streamline the permitting process for
natural gas exports.
In February 2014, the United States Department of Commerce reported
that our national trade deficit for 2013 improved by $63.1 billion in
comparison to 2012. However, despite this improvement, figures for the
month of April are now showing that imports are increasing and that
exports are decreasing, and as a result, the trade deficit is now at a
2-year high. With the U.S. Department of Commerce having acknowledged
that increased petroleum exports are a key factor that can contribute
to a lower trade deficit, it makes perfect sense to allow additional
LNG exports in order to further reduce the trade deficit. In addition
to its economic and international benefits, natural gas has helped to
significantly lower our carbon emissions, which decreased by 3.8
percent last year in the United States, down to 1994 levels, according
to government data.
The United States needs a smart energy policy that enables the
citizens to continue receiving the benefits of abundant, low-cost
energy, but also one that utilizes these resources as a tool of
strategic leverage to improve our environment and shape international
events to the benefit of America and its allies.
Mr. Speaker, we have made a smart and strategic decision in the House
with the passage of H.R. 6. Let's continue to advance similar policies
to further leverage the many benefits of our domestic energy resources.
Let's do it for the good of the American people and our Nation's
strategic competitiveness in the world.
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