Over the next 10 years the U.S. stands to gain 1 million new jobs and $120 billion in additional GDP from energy infrastructure investments connected to domestic oil and natural gas production. A new poll shows that average Americans understand the importance of domestic energy production and very strongly believe it is good for our country.
The Harris Poll conducted a study designed to gauge voters’ opinions on investments in energy infrastructure and access to energy resources. The results were clear – Americans like seeing the U.S. produce its own energy and large, bipartisan majorities believe it is beneficial for our economy.
The national telephone poll found that:
- 94 percent of registered American voters agree that increased development of the country’s energy infrastructure would help create jobs in the U.S.
- 91 percent say that increased production of domestic oil and natural gas resources could lead to more jobs in the U.S.
- 89 percent say increased development of the country’s energy infrastructure is good for American consumers.
- 87 percent say increased production of domestic oil and natural gas resources could help stimulate the economy.
But investments in American energy production are not a given. If we don’t adopt smart government policies that support and encourage investment in infrastructure and development, companies could just as easily shift their focus to operations in other countries.
Karen Moreau, executive director of API’s New York State Petroleum Council, said this about policy and investment:
“Forward-looking policies that allow United States to capitalize on its bright energy future are imperative for this nation to realize its job creation and economic potential. The American public gets it; America’s economic future, the availability of affordable and reliable energy, depends on the policies created today.”
A study released in March estimates that energy producers will have to invest more than $640 billion in infrastructure investments over the next 22 years to keep America’s energy revolution moving ahead. Americans obviously support domestic energy production and the investments that make it happen. It is essential that we make that support known to elected officials, to ensure that local, state, and national energy policies do not get in the way of success.