Madam President, Americans understand the relationship between affordable energy and a stronger economy. They understand it. They may not know all the numbers, but intuitively they know in their gut that affordable energy is critical to a sound and strong economy. Between 2008 and 2013, America suffered through a financial crisis--a deep recession, sometimes called the great recession. There was nothing great about it because it turned our country and our economy on its head, and it resulted in the highest level of unemployment since the Great Depression. Yet over the same period of time, U.S. production of oil increased by 50 percent. Meanwhile, from 2007 to 2012, America's production of shale oil increased by an astounding 18-fold while our production of gas grew by more than 50 percent. In fact, it is now projected that the United States could well be a net exporter of natural gas. The terminals that were built along the gulf coast and elsewhere to try to facilitate the importation of natural gas are now being retrofitted and turned around so that the excess natural gas produced right here in the U.S.A. is available to export. As we have learned, among other things, this could change the geopolitics of the globe. If America and the rest of the world no longer depend on the Middle East--and if Europe and Ukraine are no longer dependent on Russia--for their sole supply of energy and oil, it could change the world as we know it.…
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