Policies that encourage responsible development of more US oil and gas could significantly help the nation address its serious federal budget deficit and unemployment problems, US Chamber of Commerce Pres. Thomas J. Donohue said.
"Producing swiftly and responsibly to develop more American energy can help us immeasurably with our fiscal problems, but it can also do so much more for our country," he said in his 2013 State of American Business address.
The US has more oil, gas, and coal than any other country, and is in a position to export LNG and coal, reducing its trade deficit and bringing billions of dollars back to the US, Donohue observed. Abundant and affordable gas has bro...