Key Points:

Environmental regulators should act on fact not fear.How could we turn down the game-changing energy potential of the U.S.?How could we turn down the game-changing energy potential of the U.S.?

  • One-Size Does Not Fit All – Broad diversity in upstream operations.
  • Thousands of small independents and only a handful of “majors”
  • Upstream oil and gas production historically is not a major source of emissions, nor water quality contamination, nor groundwater depletion.
  • Volume of activity in certain regions calls for greater regulatory scrutiny
  • Utilize Performance Measures and bright lines
  • Educate the public
  • Use Inter-agency efforts to streamline permitting, state oversight  and  compliance
  • States will provide more environmental protection than federal drivers 
  • Pragmatic, creatively designed regulations are needed
  • Industry and local communities must partner with the regulator

How can we turn down the game-changing energy potential of the U.S.?

  • National Security– eliminate energy dependence on hostile nations.
  • Renaissance of U.S. Manufacturing– Already a new steel plant in Ohio to manufacture fracking hardware

          -Philadelphia Shipyard -oil tanker construction
          -Chemical industries surging with low natural gas prices

  • Job creation– potential -2-6 million nationwide
  • Affordable energy– to reverse the trend of sharply rising energy costs

          -Energy poverty is here and getting worse
          -Median income families pay 21% of disposable income on energy
          -Slightly more than for food – together  <42% of income

  • State and federal revenues– under existing tax rates
  • Deficit reduction – a financially painless means 

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