Political Quotes

“Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, in closing, I will cite a 2019 study by the U.S. Chamber of Commerce's Global Energy Institute. Their research shows a ban on fracking would have eliminated 19 million jobs between 2021 and 2025, while simultaneously reducing the U.S. gross domestic product by $7.1 trillion over the same period. The efforts of a ban like this cannot be overstated. Mr. Speaker, I include in the Record the link to the study by the Global Energy Institute. The link is: https://www.uschamber.com/assets/ documents/gei/hf__ban__report__final.pdf Mr. Speaker, as we think about what that ban would have done just between the years 2021 and 2025, what if the Obama administration had been successful, what if their BLM had been successful in banning fracking on Federal lands, America would not have led the world in reducing greenhouse gas emissions. We would have seen even higher energy costs. The cost of food would have gone up. It could have changed the course of our country and not in a good way had this ban gone into effect. The Global Energy Institute's research also shows that over the same 2021 to 2025 timeframe, energy prices would have skyrocketed with natural gas prices rising by 324 percent. This would cause household energy bills for the average American to quadruple and the cost of living to increase by $5,661 per year.…”