In his State of the Union address this week, President Obama expressed support for more domestic energy development. Citing new government projections that the United States will increase domestic production of oil and natural gas by 2035, he also took credit for increased domestic production in recent years. But oil and natural gas production requires years of planning and investment and today’s production is a result of policy and company investment decisions made years ago.
We welcome the president’s focus on domestic energy development, but his current policies suggest we should wait for his actions to match his words. A few examples:
We look to leaders to make the right decisions so that we can continue to make this country more energy secure. We hope the president will take this opportunity to make the necessary course correction in energy policy so we can produce even more, here at home, of the oil and natural gas we will need. Our industry is ready to join him to make it happen.
Jack N. Gerard
President & CEO