New Legislation Aims to Complement & Strengthen the Bill the Senators Introduced Earlier in the Week to Lift the Ban Read More
America’s energy, financial and national security are tied together like no time in our nation’s history. Our military is currently deployed in regions from which we import much of our energy — and America misses out on the affordable, reliable energy and new jobs that could be produced through increased development of our domestic energy sources.
Energy security means jobs security, and more domestic energy development will require hundreds of thousands of American workers and produce billions in new tax revenue.
In fact, more than 9.8 million American jobs are already supported by the oil and natural gas industry. What’s more, energy-producing states are also among the best in job creation, according to a recent Gallup Poll.
Those are strong numbers, but the potential for new American job creation is even greater if we opened up our domestic oil and gas resources for leasing and development:
In addition, increased domestic energy production will provide a reliable source of energy that will help power our economy by benefiting farmers, truckers and businesses, large and small.
Further, the tax revenue generated from these development projects will help fill the coffers of state and local governments, helping them meet their budget problems at a time when they need help the most.