On the recordJune 24, 2014
I want to applaud the gentleman from Colorado for bringing this bill to the floor. I wholeheartedly support H.R. 6 for a number of reasons. I also want to address some of the issues that the gentleman from the other side raised. First of all, let's consider international trade is the key to growth, it is the key to job creation, it is the key to reducing our deficits, and it is important geopolitically for the United States. Because of this great advance in technology with hydraulic fracturing and drilling, we now have unprecedented levels supply of gas that we can use domestically for manufacturing, and we are seeing a domestic manufacturing renaissance. Secondly, the amount of gas that we will export from this country, for a number of reasons, will not cause significant price spikes. In fact, it will add stability to the pricing of gas in this country and promote more drilling, which is what we need to do. We need to take care of our own energy security here, and we can provide energy security for our partners--our trading partners--around the world. This is why we need to move forward on this. It is clear that, over the last 2 years, the U.S. Department of Energy has raised its long-term forecast on gas production by nearly 40 percent, with price expectations having declined 15 percent over the same period. So the point that the gentleman makes about price spikes because of LNG exports is really, really unfounded--an unfounded point.…





