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Posted Fri Jan 13 2012: from US Chamber of Commerce:
The State of American Business 2012, Address by Thomas J. Donohue President & CEO, U.S. Chamber of Commerce
As we begin 2012, we can say that the state of American business is improving -- but it is doing so weakly, slowly, and insufficiently to put our nation back to work.... Recent discoveries have confirmed that this nation is truly blessed with energy resources. We have 1.4 trillion barrels of oil, enough to last at least 200 years. We have 2.7 quadrillion cubic feet of natural gas, enough to last 120 years. We have 486 billion tons of coal, enough to last more than 450 years -- and we need to use more of this strategic resource cleanly and wisely here at home while selling it around the world. To tap our energy resources, we must speed up permitting and end many of the restrictions that have put key areas off-limits. Instead of handpicking a few technologies, we must harness all our resources, traditional and alternative --while expanding nuclear power and driving greater efficiency. Our biggest and most reliable foreign energy supplier is Canada. The proposed Keystone XL pipeline would bring Canadian oil sands down to our Gulf Coast refineries and to other destinations along the way.
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