Jan 31, 2011 5:04 PM by Bea Karnes

Rep. Lamborn releases statement on Egypt unrest

Rep. Doug Lamborn is chairman of the House Energy and Minerals Subcommittee of the Natural Resources Committee.

As unrest grows in Egypt, concerns have been raised in Rep. Lamborn's field of expertise. His office issued the following statement today:

"With political and civil unrest in other areas of the world, it is vital that the United States resume safe and efficient oil production in the Gulf of Mexico. Since the Deepwater Horizon spill, production in the Gulf of Mexico has already fallen by more than 200,000 barrels per day, and is predicted by the Energy Information Administration to fall by more than 500,000 barrels per day by 2012 leading to higher prices at the pump. Every barrel we don't produce from the Gulf means more lost jobs, more lost revenue to the federal government, and an additional transfer of American wealth to other nations. Developing our own energy resources releases our nation from dependence on foreign oil from unstable areas of the world.

"With the recent turmoil in Egypt, speculation has ensued over the possible shutdown of the Suez Canal which ferries through about 1.8 million barrels of oil every day. Events of recent days underscore our need to reduce our dependence on foreign oil so our economy is not dependent on volatile foreign issues. America needs American-made energy. We must responsibly develop our vast national resources in order to keep and create American jobs. When we reduce our
reliance on foreign energy,we strengthen our national security."



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