On Wednesday Subcommittee Chairman Cynthia Lummis (R-Wyo) gaveled in the first Subcommittee on Energy hearing for the 113th Congress. The hearing examined the full range of domestic energy resources available, and the technological, market, and regulatory forces that will drive energy use in the future. The Honorable Adam Sieminski of the US Department of Energy's Energy Information Administration, Robert McNally of The Rapidan Group, and Lisa Jacobson of Business Council for Sustainable Energy testified on a wide range of topics including the opportunity for America to become the world leader in oil and gas production by 2020, the fast-growing global demand for coal, the opportunities for basic research to drive new nuclear technology, and the importance of energy conservation.
"It's difficult to overstate the importance of energy to America's success," said Chairman Lummis. "Abundant affordable energy is arguably the single most important factor to enabling our prosperity, from our health and wellness to our national and economic security. Technology development impacts all components of a healthy developed energy system, including exploration and production, transportation and consumption. By providing the private market with the tools to innovate, our energy system can add new technologies to reliably provide affordable and abundant energy."