Subcommittee explores economic benefits of natural gas production

The House Energy and Commerce Subcommittee on Energy and Power recently contrasted the economic conditions of regions that have embraced the hydraulic fracturing method of natural gas production and those that have not.

During a recent hearing, Pennsylvania Gov. Tom Corbett told the subcommittee that hydraulic fracturing has “tremendously increased” the quality of life for people in the region.

“(People are) able to stay here and have jobs and keep families here,” Corbett said.

The legislators compared the economy in Pennsylvania, which has embraced hydraulic fracturing, to the economy in southern New York, which has not.

Manhattan Institute Senior Fellow Fred Siegel testified that employment in the southern tier of New York has declined for six consecutive years and is 12 percent below its 2001 level.

“States that say yes to energy are saying yes to jobs,” House Energy and Commerce Committee Chairman Rep. Fred Upton (R-Mich.) said. “Over the last decade, we have seen technology take us from energy scarcity to energy abundance and create thousands of jobs across the country, but we have also witnessed missed opportunities where both state and federal regulators have blocked energy development. To fulfill America’s full energy and economic potential, we need commonsense state and national energy policies that embrace our energy resources and allow innovation to continue to thrive.”

To achieve that goal, Upton recently released the Architecture of Abundance plan to unleash the benefits of American energy production.