COMMITTEE ON NATURAL RESOURCES
1324 Longworth House Office Building
Thursday, March 17, 2011
10:00 a.m.

• Official hearing transcript
• Press Release - Natural Resources Committee Republicans Call for Expanded American Energy Production to Create Jobs, Curb Rising Gasoline Prices (3/17/2011)
• Blog Post - Driving the News Week: Republicans Focus on Lowering Gasoline Prices, Expanding American Energy and Creating Jobs (3/14/2011)
• Committee Action - Chairman Hastings Announces Hearings on Rising Gasoline Prices and America’s Energy Resources (3/7/2011)

OVERSIGHT HEARING ON:

• "Harnessing American Resources to Create Jobs and Address Rising Gasoline Prices: Domestic Resources and Economic Impacts"

OPENING STATEMENT:

The Honorable Doc Hastings
Chairman

WITNESSES AND TESTIMONY:

Panel I

The Honorable Richard G. Newell
Administrator
U.S. Energy Information Administration

Brenda Pierce
Energy Resources Program Coordinator
U.S. Geological Survey

Gene Whitney, Ph.D.
Manager
Energy Research
Congressional Research Service

Dr. Michelle Michot Foss
Chief Energy Economist and Head
Center for Energy Economics
Bureau of Economic Geology
Jackson School of Geosciences
The University of Texas
(Truth in Testimony Form)

Guy Caruso
Senior Adviser
Energy and National Security
Center for Strategic and International Studies
(Truth in Testimony Form)

Frank Rusco
Director
Natural Resources and Environment
Government Accountability Office

BACKGROUND

Gasoline prices are steadily climbing towards $4 per gallon and families and businesses across the country are feeling the pain at the pump. The Committee will examine steps that can be taken to develop our own American energy resources and also what has or hasn’t been done since President Obama took office. Americans know what $4 per gallon gasoline feels like and they don’t want to go back to those days. They remember how it strained their monthly budget, increased costs for all types of goods and forced tough trade-offs on where and how to spend money. A return of that scenario would cost jobs and destroy any hope of economic recovery.

Other Hearings in the Series:

• Hearing - Full Committee Oversight Hearing on "Harnessing American Resources to Create Jobs and Address Rising Gasoline Prices: Impacts on Businesses and Families" held on Thursday, March 31, 2011 at 10:00 a.m. in Room 1324 Longworth House Office Building.

• Hearing - Full Committee Oversight Hearing on "Harnessing American Resources to Create Jobs and Address Rising Gasoline Prices - Part III: Impacts on Seniors, Working Families and Memorial Day Vacations" held on Wednesday, May 25, 2011 at 10:00 a.m. in Room 1324 Longworth House Office Building.