Job Losses “Continue to Mount” Under Obama Energy Moratorium |

American Energy Initiative hearings continued in the House today as lawmakers examined the Obama Administration’s de facto energy moratorium and its impact on rising gas prices (they’re going up) and American jobs (there are fewer of them, and losses “continue to mount”).

The two hearings – hosted by the Energy & Power Subcommittee and Natural Resources Committee – were neatly summed up by James Adams of the Offshore Marine Service Association (OMSA) who said, “President Obama’s moratorium needs to end because it is killing jobs, raising the price of energy and making our country vulnerable to unpredictable international political forces.”

In fact, Joseph Mason from Louisiana State University testified to the Energy & Power Subcommittee that “economic losses” in the Gulf Coast region “continue to mount” due to Obama Administration efforts to block new energy production. Mason says “[j]ob losses are estimated to have increased from 8,000 regionally and 12,000 nationally to 13,000 regionally and 19,000 nationally.”

Richard Newell with the Energy Information Administration told the Natural Resources Committee that “motorists currently experiencing a jump in pump prices will likely see further increases from now through the spring since the recent increase in crude oil prices has not yet been fully passed through to retail gasoline prices.” James Noe with the Shallow Water Energy Security Coalition says “the rising price at the pump is the market’s indictment of the Administrations destructive oil and gas policies.”

Energy & Power Subcommittee Chairman Ed Whitfield (R-KY) said “[w]hen it comes to domestic energy production, the Administration is on the wrong side of the public’s wishes.” He cited a recent Rasmussen survey that shows “76 percent of Americans believe we do not do enough to develop our own oil and gas resources.”

Republicans are listening, and the new House majority is already working to keep its pledge “to increase access to domestic energy sources.”  The Washington Times reports that Natural Resources Committee Chairman Doc Hastings (R-WA) “plans to introduce legislation in the coming days ‘to put the Gulf of Mexico back to work’”:

“A top House Republican on Wednesday called the Obama administration’s de facto drilling moratorium in the Gulf of Mexico ‘unacceptable,’ charging that the government’s failure to issue new permits to drill along the coast was costing the region thousands of valuable jobs. …

“‘The Obama administration seems unmoved by thousands of lost jobs, rapidly rising gasoline prices and the threat these high prices pose to our economy. But this committee will not sit idly by,’ [Hastings] said.”

As Energy & Commerce Committee Chairman Fred Upton (R-MI) said today, “increasing domestic production is a win for jobs” and a “win for energy prices.” He said “[h]igher supplies mean lower prices” for American families and small businesses – “this is basic economics.”

Check out the websites of the Energy & Commerce and Natural Resources committees for more information on today’s hearings and click here to learn more about the American Energy Initiative.