The oil and natural gas industry contributes tremendously to the U.S. economy as one of the nation’s largest employers and purchasers of goods. The industry also produces a vast amount of products essential to everyday living and provides an economical fuel source for transportation, agriculture and manufacturing needs. U.S. and global energy demand is rising signi cantly as worldwide population grows and quality of life imporves for people around the globe.
In fact, the International Energy Outlook projects “a 50 percent increase in world energy consumption between 2007 and 2035.”
Policies that encourage domestic oil and natural gas production are necessary to meet this increasing demand and drive economic growth here in the United States and abroad. These abundant resources create jobs, generate much-needed government revenue and provide reliable energy supplies to families and businesses.