The energy sector is crucial to our economic growth, and high energy costs have a major impact on job creation. We have an abundant supply of natural resources in America that we must use to meet our nation’s energy needs. Too many of American's vast natural resources remain locked behind bureaucratic barriers and red tape. We should support policies that allow us to harness our own resources, develop new sources of energy, and create jobs here at home.
- We should oppose Washington policies and remove red tape regulations that drive up gas prices: Since 2009, gas prices have doubled and regulations have extracted almost $2 trillion per year from the economy–including $281 billion for environmental regulations imposed on small businesses. In other areas, such as the debate over the new Keystone pipeline, the executive branch has simply blocked action that would result in more jobs and lower energy prices for Americans. Furthermore, the administration has invested billions in new loan guarantees for questionable renewable energy projects like the notorious solar start-up Solyndra.
- We must bolster our abilities to tap into and utilize our domestic energy sources: In the 112th Congress, we have voted dozens of time to limit moratoriums on safe and environmentally responsible energy exploration in the U.S.; to speed up the permitting process that allows us to explore for new energy sources; to open up unused federal lands for energy exploration and production; and to increase domestic production. All of this would help lower costs, create jobs, and reduce dependence on foreign oil by tapping into our own natural resources.
- A cap-and-trade energy scheme would be bad for our economy: Whether through legislative action or bureacratic fiat, I oppose the implementation of a cap-and-trade energy scheme. Under such a plan, companies could buy and sell credits on a national exchange, in an attempt to regulate emissions. Not only does it add unnecessary costs to businesses, it would also cause energy rates to skyrocket–particularly in places like Indiana, where we rely heavily on our own coal-generated electric power.
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