12 Business View - July 2015
Opening
Lines
Study: Pro-energy policies will fuel U.S.
economy, add jobs, lower energy costs
Pro-development energy policies could add 2.3 mil-
lion U.S. jobs and add $443 billion per year to the U.S.
economy by 2035, according to a study by Wood Mack-
enzie: A comparison of U.S. Oil and Natural Gas Poli-
cies – Pro Development Policies vs. Proposed Regula-
tory Constraints, released Tuesday by API. Conversely,
the study found that a path of regulatory constraints
proposed by the Obama administration could lead to
830,000 lost jobs and lead to a decrease of $133 bil-
lion per year in the U.S. economy.
“The study contrasts the tremendous difference be-
tween the benefits from pro-energy policies and the
negative effects of policy decisions that are anti-en-
ergy,” API President and CEO Jack Gerard said during
a speech re-launching API’s Vote4Energy campaign.
“Energy is fundamental to our society, and thanks to
American innovation and entrepreneurial spirit, our
nation stands among the world’s leaders in energy
production. America will remain a global energy lead-
er only if we get our nation’s energy policy right today.”
Pro-development policies could increase cumulative
local, state, and federal government revenue by over
