On the recordMay 5, 2011
I would like to thank the chairman of the committee for his leadership and work and for making sure we are addressing the energy needs of this Nation. Mr. Chairman, Virginia has the opportunity to develop offshore energy in an environmentally friendly and responsible manner. Like any industrial or commercial activity, energy production has its risks. However, those risks have been significantly mitigated, and offshore energy production can be conducted in a safe and responsible manner. Unfortunately, the administration has halted any further oil and gas development in the Atlantic Ocean. Our economy continues to struggle, and any further increase in energy prices will exacerbate that struggle to regain its footing as unemployment hovers at 9 percent. The unrest in the Middle East and in North Africa continues to threaten this Nation's energy security. The failure to promptly address our energy needs could negatively impact the U.S. economy, could stall any recovery, and continue to affect national security. Energy production offshore of the Commonwealth would create thousands of jobs and generate much needed revenue to reduce the deficit. The Department of the Interior has calculated that Virginia could produce 500 million barrels of oil and 2.5 trillion cubic feet of natural gas, natural gas being one of the most economically viable and environmentally friendly sources of fossil fuels.…





