Original Press Release
NAM Supports Bipartisan Legislation to Expand Production of Oil Shale Resources
Press release date: June 5, 2009
House Natural Resources Committee Members Promote Job Growth, Energy Security
WASHINGTON, D.C. June 5, 2009 - The National Association of Manufacturers (NAM) Vice President for Energy and Resource Policy Keith McCoy today issued the following statement in response to introduction of the Protecting Investment in Oil Shale the Next Generation of Environment, Energy and Resource Security Act (PIONEER Act) H.R. 2540 by Rep. Doug Lamborn (D-CO):
This legislation is a critical step forward in creating a comprehensive energy policy that will promote the development of our country's vast oil shale resources. Oil shale development, along with renewable energy resources such as wind and solar power, will take us in the right direction toward energy independence. The largest-known oil shale deposits in the world are located in the Green River Formation, covering portions of Colorado, Utah and Wyoming, with reserves estimated to range from 1.5 to 1.8 trillion barrels.
This legislation focuses on oil shale development in a thoughtful and comprehensive manner by making permanent certain regulatory guidelines published by the Department of Interior last year. The legislation will also direct the Department of Interior to move forward with Research, Development and Demonstration projects, which will expedite delivery of this unconventional fuel to the manufacturing sector and broader marketplace.
U.S. industry uses one-third of the nation's total energy consumption, making it vulnerable to energy price volatility. Increasing the supply of the nation's energy supplies, including our vast reserves of oil shale, will stabilize prices and create jobs.
The National Association of Manufacturers is the nation's largest industrial trade association, representing small and large manufacturers in every industrial sector and in all 50 states. Headquartered in Washington, D.C., the NAM has 11 additional offices across the country. Visit the NAM's web site at www.nam.org for more information about manufacturing and the economy.
CONTACT: HANK COX (202) 637-3090