Industry Views: Energy development is the “ultimate shovel-ready project”

Industry views: Access to Affordable Energy Essential to Any Successful Economic Recovery Plan
IER reminds President, Congress that American energy development is the “ultimate shovel-ready project”
Institute for Energy Research, February 18, 2009

WASHINGTON, D.C. – Institute for Energy Research (IER) president Thomas J. Pyle issued the following statement this afternoon in advance of President Obama’s primetime address to Congress:

“President Obama’s plans to reboot our economy must include the responsible development of our massive and homegrown energy resource base. If we allow the private sector to explore for and produce American energy for American consumers, we open the door to millions of new jobs, billions in new revenue for the taxpayer, and the very real prospect of breaking our dangerous dependence on Middle East oil—all things we desperately need right now.

“American energy resource development is the ultimate shovel-ready project. The energy far off our coasts and deep underneath our feet not only can fuel our cars and heat our homes, it can also help power the engine of our economic recovery—without writing more checks that the Treasury can’t cash. If the President wants to create a responsible plan to recapture American prosperity, he will recognize the importance of American energy production.”