The keys to stimulating our economy are private capital, small business innovation, reducing the burden big government imposes on the economy, and job creation. Several months ago, before the Democrats’ cap and trade bill was railroaded though Congress and before we faced their newly announced health care bill, we, along with 46 of our colleagues, introduced H.R. 1431, the No Cost Stimulus Act of 2009. The No Cost Stimulus Act would significantly increase the production of more American-made energy, which, in turn will create close to two million jobs and …
The Outer Continental Shelf presents a tremendous opportunity to expand domestic oil and natural gas production with little or no downside. Extra energy is badly needed, and the risk of producing it has been greatly reduced. Over the past few months, high energy prices have shifted the tide in favor of drilling in restricted areas. The public supports offshore drilling by 2-to-1 margins. In July, President Bush lifted the executive moratorium on offshore drilling while urging Congress to do the same. Now, the U.S. Minerals Management Services is doing its …
