New Study Shows Wide Ranging Affect of High Energy CostsPosted by Jamie Hennigan on June 28, 2011
The Consumer Energy Alliance (CEA) released a report today outlining the wide-ranging affect restricted energy development and high energy costs are having on several sectors of the U.S. Economy. The report also cites energy proposals and policies that would result in more American energy production and increased job creation.
Every industry, from agriculture to manufacturing to transportation, depends on affordable and abundant energy to continue operating and providing services to their customers. Without a reliable and stable source of domestic energy, American companies will continue to have higher operating costs which kill American jobs, hamper economic development, and increase our dependence on foreign sources of energy. Below are just a few highlights from the report:
These are just a few of the many examples cited in the report. American families and businesses across the country are hurting because of the energy polices set forth by the Obama Administration. Under the American Energy Initiative, House Republicans will continue to pursue an all-of-the-above energy approach in order to increase American energy production, lower prices, create jobs, and decrease our dependence on foreign energy.