On the recordJune 26, 2007
The Energy Information Administration has observed that this program will materially increase domestic natural gas and oil production. That increased production will more than pay for this research and development program by generating more royalty revenue from increased production of natural gas and oil from Federal lands that are already available, already available to be developed. It is important to note, Mr. Chairman, that as this Congress grapples with the issue of providing robust funding to move toward increased energy independence, our Nation's energy companies are also investing in these similar research activities. Achieving energy independence isn't an easy task. It is going to take a significant investment from both public and private entities to move our Nation forward.
Source
govinfo.gov
