Increased Energy Production Will Lower Gasoline Prices and Create Jobs

Press Release

Today, as a member of the Natural Resources Committee Rep. Andy Harris participated in a hearing focused on America's rising energy prices. Oil prices have recently passed $100 per barrel for the first time since 2008. Gasoline prices have increased 77 cents since this time last year. According to an analyst from Cameron Hanover, there is an additional cost to consumers of $4 million dollars per day for every penny increase in fuel costs. Last week, Rep. Andy Harris sent a letter to Secretary of Energy Steven Chu requesting immediate action on rising fuel costs.

"Too many times during past energy crises we have failed to act definitively," said Rep. Andy Harris. "I support an "all-of-the-above' energy approach that emphasizes American-produced oil, natural gas, clean coal, and nuclear, and renewable sources such as solar, wind, hydropower and geothermal. This approach will lower prices, create new American jobs, reduce our dependence on foreign oil, strengthen our national security and raise revenue to help tackle the $14 trillion debt."

A recent Congressional Research report indicated that our combined recoverable coal, oil and natural gas reserves total 1.3 trillion barrels of oil equivalent -- the largest in the world. In addition to these resources, the U.S. Geological Survey estimates oil shale reserves could be greater than 1.5 trillion barrels of oil. These numbers indicate that we have the resources to produce our own energy and the latest technology to do it safely. We should strengthen our national security by ending our dependence on foreign energy and create American jobs while doing it.

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