Full Committee Oversight Hearing on "Harnessing American Resources to Create Jobs and Address Rising Gasoline Prices: Families and Cost-of-Life Impacts"
Wednesday, March 21, 2012 | 10:00 AM
Tags:
Energy and Mineral Resources
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Energy
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Full Committee
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Job Creation
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Oversight
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Gasoline Prices
Full Committee
COMMITTEE ON NATURAL RESOURCES
OVERSIGHT HEARING ON:
OPENING STATEMENT: The Honorable Doc Hastings WITNESSES AND TESTIMONY: Panel I Diana Furchtgott-Roth Lucian Pugliaresi David Holt Dennis Kelleher BACKGROUND: In January 2009, the cost of one gallon of regular, unleaded gasoline averaged $1.79 throughout the United States. Today, that same gallon averages $3.58 – and that price is climbing. While American families and small businesses are already weathering financial hardship as a result of U.S. and global economic turbulence, the skyrocketing cost of gasoline in our country threatens our fragile economic recovery. This hearing will focus on testimony from economic experts on the impact of gas prices throughout our nation’s economy: measures that have led us to become heavily reliant on foreign oil, measures that have led to decreased energy production on federal lands, and the consequences of these actions. Additionally, Members will have an opportunity to question economists on possible actions moving forward that will help generate more domestic energy production and reduce our nation’s dependence on foreign oil. |
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