Boustany: We Need American Energy Jobs

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Regulations from Washington are stifling businesses nationwide.

And although the drilling moratorium in the gulf of -- -- almost a year ago the industry still feeling the impact in our next guest says the -- By unnecessary regulatory demands are to blame joining us now is congressman Charles who's standing hub Louisiana congressman thanks for joining us you wrote a letter.

Of this week to President Obama demanding.

Gulf worker jobs being included in his -- bold proposal what exactly would you like to see the president do.

Well clearly.

We need energy jobs American energy jobs and if we get the drilling going back in the Gulf of Mexico as it was before where we don't have these interminable delays in getting permits and exploration plans in place.

We can see 230000.

Jobs created in the Gulf of Mexico and around the country -- in one year but point well.

Not only that will -- 44 billion dollar -- gross domestic product.

Twelve billion dollars in new taxes revenues coming into the treasury from the from the drilling.

And will reduce our dependence on foreign oil this is a no brainer.

-- 13 of these jobs will be created in states outside of the gulf region and so this should be a part of any job creation plan.

So -- we I've heard these kind of numbers before and obviously that's an area that was thriving oil.

Everyone saying hey repair you got -- -- is because you you live an oil state right -- governor and Allstate.

What's what's what's behind the dragging of the feet in all these regulations is -- political or is it just general.

Government bureaucracy.

-- it is a combination of political because there is a general hostility to American energy production.

And we've seen this with this administration in fact in the president's bill -- jobs package He wants to add new taxes.

On independent oil and gas companies these -- small companies.

That employ a lot of workers along the Gulf Coast and around this country that supply America's energy needs He wants to increase taxes.

And by slow walking these permits by having confusion between the the regulators on the Gulf Coast and policy makers in Washington.

This is shutting down job creation.

It took me nine months to finally convinced director Bromwich the put everybody in the room together to talk about where some of the problems are.

And to get clarity and finally they they accepted that that proposal -- did it just last week.

We've gotten some good reviews but this is not enough let's get American energy production going in the Gulf of Mexico and you'll see good job creation around this country.

Congressman this issue is a lot easier to attack on at least politically when we see oil prices near record highs we are nowhere near that we just closed at ninety bucks a barrel we know on a gas prices.

RC and people at the -- are feeling -- -- but that that the fundamentals in terms of supply and the dynamics that we're seeing in the oil market.

Don't suggest that this regulation is in fact having a negative -- so He isn't me you know give me an argument here for making the changes when we're not seeing any need for it in the market place right now.

Well the marketplace is one thing.

Jobs is another and the big issue facing this country right now is jobs we need job creation good private sector job creation.

And one way to do it as -- have an energy strategy that promotes American energy production promotes drilling in the Gulf of Mexico and our shale formations.

These are good paying job creating some of the unemployment that was in a sort of -- a downturn -- pressure on the prices of oil would be forced open and a fair amount at the pump it's still very costly.

And once the economy heats up again those prices are going to come right back up.

But the number one issues to the job creation private sector job where the energy production have to be a big.

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Boustany: We Need American Energy Jobs

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