Cornyn: Energy Reform Must Protect Jobs, Economy - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com |

Cornyn: Energy Reform Must Protect Jobs, Economy

CORNYN:  ENERGY REFORM MUST PROTECT JOBS, ECONOMY

New study shows pending energy legislation would harm U.S. economy, decrease energy production

WASHINGTON-U.S. Sen. John Cornyn, Vice Chairman of the Senate Republican Conference, made the following statement today regarding a new study on the economic impact of the Energy bill currently before Congress. The study, prepared by Charles River Associates International and commissioned by the American Petroleum Institute, examined seven of the major legislative provisions in the House and Senate versions, and found the Democrat-proposed Energy bill would have adverse effects on the economy. It reported a loss of 4.9 million jobs and a reduction of GDP by 4 percent by 2030 if the legislation is passed in its current form.

"While Congress considers legislation that will determine the path of America's energy policy, it is more important that ever that we pursue common-sense energy policies to strengthen our nation's energy security, promote clean and sustainable energy sources, and protect our economic growth. The current legislation, as written, does not achieve those goals.

"In fact, this study concludes that the bill will have the opposite effect, with ‘significant adverse impacts on the U.S. economy.' The study also confirmed a decline in domestic oil production and domestic natural gas production. This is simply unacceptable.

"Without important amendments, the pending legislation will harm our economy and jeopardize our security by increasing our dependence on foreign energy. It will also result in passing higher costs onto consumers, including at the gas pump. We need policies that decrease energy costs, and move us toward greater energy security and economic prosperity. I will continue working for a balanced, common-sense energy bill that achieves these goals."

Sen. Cornyn serves on the Armed Services, Judiciary and Budget Committees. In addition, he is Vice Chairman of the Senate Select Committee on Ethics. He serves as the top Republican on the Judiciary Committee's Immigration, Border Security and Refugees subcommittee and the Armed Services Committee's Airland subcommittee.

  • NewsMore>>

  • Person hospitalized after shooting in Arnett Benson area

    Person hospitalized after shooting in Arnett Benson area

    Saturday, June 23 2018 10:46 PM EDT2018-06-24 02:46:43 GMT
    A person was hospitalized after shooting near 3rd Street and Detroit Avenue (Source: Eli Fierro, KCBD)A person was hospitalized after shooting near 3rd Street and Detroit Avenue (Source: Eli Fierro, KCBD)

    A shooting just after 3 p.m. Saturday near 3rd Street and Detroit Avenue has left one person in the hospital at University Medical Center.

    A shooting just after 3 p.m. Saturday near 3rd Street and Detroit Avenue has left one person in the hospital at University Medical Center.

  • Saudi women in driver's seat as longstanding ban is lifted

    Saudi women in driver's seat as longstanding ban is lifted

    Sunday, June 24 2018 4:24 AM EDT2018-06-24 08:24:57 GMT
    Sunday, June 24 2018 4:37 PM EDT2018-06-24 20:37:37 GMT
    (AP Photo/Nariman El-Mofty). Hessah al-Ajaji drivers her car down the capital's busy Tahlia Street after midnight for the first time in Riyadh, Saudi Arabia, Sunday, June 24, 2018. Saudi women are in the driver's seat for the first time in their countr...(AP Photo/Nariman El-Mofty). Hessah al-Ajaji drivers her car down the capital's busy Tahlia Street after midnight for the first time in Riyadh, Saudi Arabia, Sunday, June 24, 2018. Saudi women are in the driver's seat for the first time in their countr...

    Saudi women steered their way through busy streets for the first time just minutes after the world's last remaining ban on women driving was lifted.

    Saudi women steered their way through busy streets for the first time just minutes after the world's last remaining ban on women driving was lifted.

  • Odessa fire department responding to fire near Jackson Ave., 15th St.

    Odessa fire department responding to fire near Jackson Ave., 15th St.

    (Source: Haleigh Drybread / Facebook)(Source: Haleigh Drybread / Facebook)
    (Source: Haleigh Drybread / Facebook)(Source: Haleigh Drybread / Facebook)

    Odessa police and fire department are responding to a structure fire at the 1400 block of N. Jackson Ave.

    Odessa police and fire department are responding to a structure fire at the 1400 block of N. Jackson Ave.

Powered by Frankly