Energy is a Promising Area for Growth...If Government Gets Out of the Way
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In today's Wall Street Journal, former Democratic Congressman Harold Ford sees the potential for job creation "all around us." Gas development in the Northeast, oil leases in Alaska, and oil tanker construction in Philadelphia show energy development as a promising area for growth. The problem is government is getting in the way:
Take the proposed $7 billion Keystone XL oil pipeline running from Canada to the U.S. Gulf Coast. It would create tens of thousands of new jobs in construction, maintenance and refining. Secretary of State Hillary Clinton supports the project, yet regulatory hurdles remain.
[Rep. Ford's op-ed echoes Bill Kovacs' post in April on Project No Project which documents how the regulatory system is blocking energy projects.]
The job-creating potential of the Keystone XL pipeline--part of the Chamber's six-step jobs plan--has been addressed many times on ChamberPost. Learn more about its economic benefits at Partnership to Fuel America.