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Karen Moreau's remarks at press briefing on Access & Infrastructure poll

As prepared for delivery

Press briefing on Access & Infrastructure poll
Karen Moreau, executive director of the New York State Petroleum Council
Thursday, April 17, 2014

Good morning, and thanks for joining our call today. I want to spend the next few minutes laying out a new poll by The Harris Poll that gauges voters’ opinions and perceptions on U.S. investments in access and infrastructure related to energy production.

This poll is a part of API’s new campaign that we are launching during this April recess period in an effort to elevate the voices outside of the beltway. Today, as part of API’s “Faces of Energy” campaign, we are launching new advertisements that include data from new national and state-specific polls showing what America is thinking on energy issues.

We all know how important energy is to our daily lives. Our entire economy depends on affordable and reliable energy.

American voters understand this, and 87 percent of voters agree that increased production of domestic oil and natural gas resources could help stimulate the economy.

What’s more, 92 percent say that increasing development of the country’s energy infrastructure will strengthen its energy security.

Voters overwhelmingly said that energy issues were important to them, specifically:

  • 94 percent agreed 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.

It is clear that the American public is looking to capitalize on the opportunity we face at this moment to use our nation’s energy portfolio to help consumers and create jobs.

A study released earlier this year by IHS shows that capital spending on oil and gas infrastructure increased by 60 percent between 2010 and 2013, thanks to America’s shale energy revolution. IHS projects up to $1.15 trillion in oil and gas infrastructure investments over the next 12 years, contributing as much as $120.58 billion to U.S. GDP, supporting as many as 1.15 million jobs, and providing an additional $27.45 billion in government revenues on average, annually between 2014 and 2025.

These are private dollars – not public funds – ready to put shovels in the ground.

Think about what those economic resources could do for schools across the country, as well as for hospitals and infrastructure for future generations. But this brighter future will only come to pass if we get national and local energy policies right today.

The right public policies can fuel America’s economic revival and improve our energy security for future generations through the safe and responsible production, refining and transportation of our country’s oil and natural gas resources. Our entire economic future, the availability of affordable and reliable energy, depends on the policies created today.

To that end, API continues to work with allied groups across the country and a growing grassroots movement of more than 24 million Americans to demonstrate to Congress and the administration just how important energy issues are to voters.

The “Faces of Energy” campaign that we are launching with this call today will reflect the voices heard in these polls. Our grassroots advocacy and digital outreach will present the voices of Americans who are speaking up about the vital importance of investing in our national energy infrastructure, creating jobs and supporting the economy and energy security.

Our campaign will include digital outreach, grassroots advocacy, online advertising, and we will release several state polls that look at public opinion along the same lines as the national poll we are releasing during this call. State polling will include New York, Illinois, Nevada, Iowa, Michigan, Ohio and Pennsylvania, this week, with more to follow next week.

We will advocate for a mix of policies that will support what we’ve found in these polls: Americans support accessing the country’s abundant energy resources and they choose to benefit from the vital investments the oil and natural gas industry has made to develop and distribute it to American consumers.

The national telephone poll, conducted by The Harris Poll, among 1,003 registered voters also found that more than eight in ten (82 percent) say that more domestic oil and natural gas could help lower energy costs for consumers, and 86 percent say increased production of domestic oil and natural gas resources could help strengthen America’s energy security.

Today’s poll also shows strong majorities of voters support more domestic oil and natural gas development, regardless of party affiliation.

The American public gets it, and the data back them up. Just last week, and for the for the first time, the U.S. Energy Information Administration (EIA) projected a high-resource scenario that would bring net U.S. liquid fuel and oil imports to a level at or near zero between 2035 and 2040 – meaning that the total exports and total imports of these commodities would balance each other out. In fact, by 2020, the EIA estimates that U.S. oil production could reach the highest rate of production since 1970 at 9.6 million barrels per day. U.S. oil and natural gas production is rising, imports are shrinking, and exports are growing. The U.S. is in a great position to make the EIA’s high-production scenario a reality.

The United States has crossed the threshold amongst the global elites in oil and natural gas production and is now an energy superpower. We have very substantial reserves --- the most since the 1970s.

As a nation we need to look forward to our bright energy future, and that means making the right energy choices at the national and local levels.

Forward-looking policies that allow America to capitalize on this bright future are imperative for this nation to realize its job creation and economic potential, meeting the priorities of today’s voters. We will continue to be active through social media, advertising and via our grassroots movement to make these voices heard by members of Congress, the administration and elected officials at every level of government.

Thank you for your time and attention. Now, I’ll be happy to take your questions.

  • Access
  • Economy
  • Energy Policy
  • Jobs
  • Karen Moreau