Back to the RadioSpace™ home page
NewsDirect story topics:
Consumer, Business & General Interest
Current Events & Public Affairs
Entertainment & Sports
Health & Medicine
Energy Proposals that Are Currently Being Considered in Washington Could, if Approved, Have Major Economic Consequences
Fully produced report in MP3 format:
48 kbps |
96 kbps
(104 seconds)
-- How Will You Use This Story? --
(OPEN):
CONGRESS IS RETURNING FROM ITS SUMMER-RECESS, TO DEBATE ENERGY-POLICY.
AND, ACCORDING TO A-P-I SENIOR ECONOMIC-ADVISOR, RAYOLA
DOUGHER ["DEW-ER"], THE MEASURES THAT ARE CURRENTLY
BEING CONSIDERED WOULD, IF APPROVED, HAVE DIRE ECONOMIC-CONSEQUENCES...
(DOUGHER):
"WITH 15-MILLION PEOPLE OUT OF WORK, NOW IS NOT THE TIME
FOR ENERGY-LEGISLATION THAT COULD HURT THE AMERICAN ECONOMY. CONGRESS
AND THE ADMINISTRATION, HOWEVER, ARE DEBATING MEASURES THAT COULD KILL JOBS,
DRIVE SMALL AND MID-SIZED FIRMS OUT OF BUSINESS, AND REDUCE OUR ABILITY TO
SAFELY AND RELIABLY PRODUCE THE ENERGY [THAT] WE NEED, FROM OUR DOMESTIC
RESOURCES. PROPOSALS THAT WOULD RESTRICT, OR ADD SIGNIFICANT COST TO,
DEEPWATER DEVELOPMENT COULD RESULT IN THE LOSS OF AS MANY AS 175-THOUSAND
JOBS, A YEAR, THROUGH 20-35. AND, THAT DOESN'T INCLUDE THE ADDITIONAL
JOB-LOSSES THAT WOULD OCCUR, IF SHALLOW-WATER DRILLING-PROJECTS ARE ALSO
AFFECTED. THESE PROPOSALS WOULD SLASH BILLIONS OF DOLLARS FROM
OUR ECONOMIC-OUTPUT, AND [WOULD] CUT U-S OIL-PRODUCTION BY ALMOST
ONE-THIRD--WITH A CORRESPONDING JUMP IN OUR NEED FOR IMPORTS OF FOREIGN OIL.
IF THAT ISN'T ENOUGH, PROPOSALS TO REPEAL OR MODIFY SEVERAL LONG-STANDING,
LEGITIMATE TAX-POLICIES THAT AFFECT THE OIL-AND-NATURAL-GAS INDUSTRY--OR
THAT SPECIFICALLY SEEK TO EXCLUDE THE INDUSTRY FROM BUSINESS-TAX PROVISIONS
[THAT ARE] ENJOYED BY ALL U-S MANUFACTURERS--WOULD FURTHER WEAKEN THE U-S
ECONOMY, DESTROY JOBS, AND UNDERMINE FUTURE ENERGY-SECURITY. MORE
ENERGY MEANS MORE JOBS, HIGHER INCOMES, AND GREATER ECONOMIC-GROWTH.
UNTIL WASHINGTON ACKNOWLEDGES THE CRITICAL LINK BETWEEN ENERGY AND THE
ECONOMY, WE WILL NOT HAVE THE ENERGY OR ECONOMIC-GROWTH THAT OUR COUNTRY
NEEDS. FOR MORE INFORMATION, VISIT
'ENERGY-TOMORROW'-DOT-ORG."
