On the recordJune 11, 2003
A fundamental question again emerges, and emerged yesterday at a hearing on the Hill, with the statement of our Federal Reserve Chairman Alan Greenspan as to the importance of a national energy policy. Why is the Chairman of the Federal Reserve, who is interested in the prime rate and the management of monetary supply of our country, concerned about energy? It is fundamental why he is concerned about energy. He is concerned about the economy of our country and its strength, stability, and ability to grow and provide jobs for the men and women who currently do not have them, and to strengthen and stabilize those jobs for the men and women who currently do have jobs. What was he talking about yesterday? He was talking about one of the primary feed stocks for energy in our country, natural gas; the problems that we currently have with the supply of natural gas because this country has not effectively explored and developed, for a variety of reasons, our natural gas supply.
Source
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