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REED CALLS HIGH GAS PRICES A JOBS ISSUE; Says Lower Energy Costs Will Create Manufacturing Jobs

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Washington, DC, May 23, 2012 | comments

At a press conference held at the Dandy Mini-Mart on Church Street in Elmira today, Congressman Tom Reed cited high gasoline prices as an example of how our lack of  national energy policy is hurting the economy.

“Gasoline prices are still too high, more than double what they were just three years ago,” Reed noted. “High gasoline prices hurt consumers by raising the cost of transportation and the cost of goods.” 

“High gas prices particularly hurt small businesses,” Reed continued. “High prices mean that people buy less in stores like this Dandy Mini Mart.”

High gasoline costs aren’t the only problem. Reed added that lowering the cost of all utilities from all sources of energy will have a positive impact on job growth, particularly in the manufacturing sector.  

“Manufacturing jobs can return to America with lower utility costs,” Reed observed. “As wages overseas rise, manufacturers are looking to return. The biggest barrier to more jobs in America is high energy costs.”

Energy prices are determined by supply and demand and future expectations of supply. “There is no question that government policy impacts price,” Reed said. “That’s why we in the House are expanding domestic energy production to lower costs and create more jobs.”

The House has approved 27 jobs bills, several of which deal directly with energy.  These bills remove obstacles to the development of domestic energy resources, reduce regulatory burdens, and move forward with the Keystone XL pipeline.  Examples include the North American-Made Energy Security Act, the American Energy & Infrastructure Jobs Act, the PIONEERS Act, the Jobs and Energy Permitting Act of 2011, the Reversing President Obama’s Offshore Moratorium Act, the Putting the Gulf of Mexico Back to Work Act, the Restarting American Offshore Leasing Now Act, the Transparency in Regulatory Analysis of Impacts on the Nation Act, the Energy Tax Prevention Act, and the Bureau of Reclamation Small Conduit Hydropower Development and Rural Jobs Act.

Reed concluded by calling on the Senate to act on the jobs and energy legislation passed by the House.

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Tags: Energy

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