Thursday, September 5, 2013

NAM: U.S. To Benefit Greatly From Domestic Shale Production, Unless Regulators Overact

According to a report released this week, the United States will continue to reap enormous economic and job-creation benefits from domestic oil and shale gas production. This will be the case, however, unless federal and state lawmakers overregulate Shale production.

“This report confirms that manufacturers’ best days are ahead and that the shale revolution could spur economic growth and job creation for years to come,” said National Association of Manufacturers (NAM) President and CEO Jay Timmons in reaction to the recent IHS report cosponsored by the NAM and other trade associations. “Unfortunately, this growth is not a foregone conclusion. Overreach by state and federal lawmakers and regulators could slow this progress and, in the worst case, stop it.”

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