Study Shows Regulatory Barriers Hampering Energy Production and Job CreationPosted by Jamie Hennigan on March 10, 2011
As the cost of gasoline and energy continues to surge at an alarming rate, a study released today confirms what Natural Resources Republicans have been saying since day one: the Obama Administration is going out of its way to block and delay American energy production. According to the U.S. Chamber of Commerce study, there are hundreds of American energy projects that have been delayed or stalled by regulatory barriers. These delays are costing the American economy $1.1 trillion in GDP and 1.9 million jobs annually. House Republicans continue to call on the President to end his assault on American-made energy and join us in supporting an all-of-the-above energy approach to create American jobs and lower prices.