Political Quotes

“Each day, we hear about new opportunities as a result of developing our own domestic energy resources. What we hear less about is how many crises we have avoided as America has moved from energy scarcity to energy abundance. Last week, on July 15, historian, Pulitzer Prize winner, and renowned energy expert Daniel Yergin stated that, without the recent domestic boom in oil production, the United States would be in deep economic trouble. ``I am convinced, were it not for what's happened these last few years, we'd be looking at an oil crisis,'' he said, according to the Pennsylvania energy news publication, StateImpact, covering Mr. Yergin's remarks. ``We'd have panic in the public. We'd have angry motorists. We'd have inflamed congressional hearings, and we'd have the U.S. economy falling back into a recession,'' he added. Not only that, Mr. Speaker, we have jobs coming back to the United States that were previously headed overseas due to cheaper labor and other competitive advantages. Today, the U.S. is looking a bit more welcoming for businesses and job growth and for the American worker. From The Wall Street Journal earlier this week, ``The competitive advantage that U.S. companies will receive from the lower cost provided by shale gas . . . is attracting investment from some of the industry's bigger names.…”