Energy Council Leaders Urge Balance in Regulation and Investment for U.S. Energy Production Industry

During a recent field hearing held by the U.S. House of Representatives House Oversight Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs, Energy Workforce & Technology Council President Tim Tarpley and EWTC Board Member Ron Gusek testified on the challenges and opportunities facing the U.S. energy production industry. The focus of the hearing was to examine the regulatory uncertainty caused by administration policies and their impact on domestic energy production.

In his testimony, Tarpley expressed concerns about the growing global demand for energy, which is projected to increase by 50% by 2050 according to the U.S. Energy Information Administration (EIA). He emphasized that natural gas power generation plays a crucial role in meeting this demand, highlighting the need for significant investment in this sector to meet future demands.

However, Tarpley also criticized the Biden administration for hindering domestic energy production through delays and legal obstacles. He warned that such actions will prevent Americans from accessing vital resources and could have serious consequences for economic stability.

Ron Gusek, President of Liberty Energy and EWTC board member, echoed Tarpley’s sentiments by warning against politically driven attacks on the fossil fuel industry. He emphasized that such attacks could harm American consumers while also having global repercussions. Gusek underscored the importance of ensuring a balanced approach to energy production and consumption to meet growing demands without compromising economic stability.

The hearing also highlighted the need for career training opportunities in order to strengthen and expand the energy workforce. This would help ensure that American producers are equipped with the necessary skills and knowledge to meet future demands while also contributing to economic growth.

Overall, both Tarpley and Gusek emphasized the importance of balancing regulatory certainty with investment in domestic energy production in order to meet growing global demands while maintaining economic stability.