United States Senate Committee on Environment and Public Works Minority Staff Report Setting the Record Straight: Hydraulic Fracturing and America’s Energy Revolution October 23, 2014 Contact: U.S. Senate Committee on Environment and Public Works (Minority) Luke Bolar —
[email protected] (202) 224-6176 Cheyenne Steel —
[email protected] (202) 224-6176 EXECUTIVE SUMMARY In his October 2, 2014, remarks to Northwestern University, President Obama boasted, “Today, the number-one oil and [natural] gas producer in the world is no longer Russia or Saudi Arabia. It’s America.”1 In his speech, the President also touted “our 100-year supply of natural gas [as] a big factor in drawing jobs back to our shores. Many are in manufacturing, which produce the quintessential middle-class job.”2 The President’s attempt to claim success from the very industry he has worked so hard to undermine is sadly ironic. Then again, it would have made little sense for the President to take credit for the numerous failed “green” stimulus projects, including Solyndra, or otherwise for him to have been honest about the fact that without the private sector’s investment in oil and natural gas development the economy would still be in a deep recession. Instead, he chose to celebrate—along with all the undeniable benefits it has for our nation—the success of an industry he and his far-left environmental activist base despise. This report by the United States Senate Committee on Environment and Public Works illustrates the clear disparity between the President’s rhetoric and the multitude of nonsensical claims from the far-left environmental activist organizations—such as the Natural Resources Defense Council, Sierra Club, and Center for American Progress—versus the reality of American ingenuity, including hydraulic fracturing, to develop our vast fossil resources.