American Energy Act of 2011 Will Enhance U.S. Energy Security, Says Pro-Market Research Group

To better ensure America’s energy security and help stimulate long-term job and economic growth, the Institute for Energy Research (IER) has released a detailed plan that would limit, it says, “overly burdensome regulations and legislation that prevent Americans from producing homegrown energy,” and “help create millions of jobs” by expanding development of “our nation’s vast energy resources.” The American Energy Act of 2011 would, according to the IER, allow U.S. companies to tap into and benefit from all of America’s energy resources while also encouraging entrepreneurs to help create more jobs in an integrated economy. “America cannot reach her potential for energy production without utilizing the massive energy resources on Federal lands and water,” states a summary of the Act, which was published in late April. “The Act recognizes that the Department of Interior must provide greater access to those Federal resources. The new programs and procedures created by the Act will promote enhanced development of domestic sources of energy on federal areas, as well as state and private lands. This will increase the domestic production of all sources of energy, produce millions of America jobs, and create billions of dollars in economic activity.”...more