Investor's Business Daily
Stimulus: Brazil, a leader in the use of biofuels such as ethanol and in the face of falling oil prices, still plans to spend huge sums to expand its offshore oil resources. Drilling rigs are infrastructure too.
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Domestic oil and natural gas resources help ensure our energy and economic security by providing affordable, reliable energy to Americans nationwide. Access to these resources supports more than 9.2 million jobs nationwide, provides billions in government revenues and creates less reliance on foreign imports. Public policy supporting the jobs and energy sources provided by the oil and natural gas industry is essential to protecting our nation’s future energy security.
The oil and natural gas industry has pledged to work day and night to aid in recovery efforts for the Gulf of Mexico oil spill, and to ensure lasting solutions are put into place.