This morning I was on a conference call concerning the Domestic Energy & Job Act which molds together a large collection of energy legislation including:

  • Strategic Energy Production Act of 2012, H.R. 4480 (Rep. Cory Gardner, CO-4)
  • Gasoline Regulations Act of 2012, H.R. 4471 (Rep. Ed Whitfield, KY-1)
  • Planning for American Energy Act of 2012, H.R.4381 (Rep. Scott Tipton, CO-3)
  • Providing Leasing Certainty for American Energy Act of 2012, H.R 4382 (Rep. Mike Coffman, CO-6)
  • Streamlining Permitting of American Energy Act of 2012, H.R. 4383 (Rep. Doug Lamborn, CO-5)
  • The Streamlining Permitting of American Energy Act (H.R. 4383)
  • The National Petroleum Reserve Alaska Access Act, H.R. 2150 (Rep. “Doc” Hastings, WA-4)
  • The BLM Live Internet Auctions Act, H.R. 2752 (Rep. Bill Johnson, OH-6)

The call was Hosted by Majority Whip Kevin McCarthy (ca-22), he was joined by Doc Hastings (WA-4) Chairman of the House Natural Resources Committee & Freshman Rep. Cory Gardner (CO-4).

They made a passionate case for their bill and during the Q & A stressing that gas although lower than a few months ago is still double the price it was when the administration came to office. Chairman Hastings noted that President Obama actions on energy: “His actions are 180 from his rhetoric” and that producers constantly inform him: ”Just tell me what the rules are and don’t change them, give me some certainty” and noted states like North Dakota & Texas experienced growth saying “…by having a policy that protects environment but allows extraction it has fundamentally changed the situation.

Majority Whip McCarthy suggested folks from the EPA put “personal beliefs and philosophical beliefs” before their actual tasks and during hearings when it comes to the actual effects of regulations on Jobs: “One thing we’ve found in the hearings is they don’t evaluate this …and what it actually means.”

All valid points but it was Freshman Cory Gardner of Colorado that made the most significant point when it comes to freeing energy producers when answering a question from Politico concerning North Dakota as an example. Rather than sticking to North Dakota he noted an example from his own state of Colorado.

In Weld County, CO. there are 31 operators producing energy. Of those 31 companies 2 of them paid a combined $209 million dollars in property taxes.

To put this in perspective the total budget of the county is $200 million.

Run those number through your head a second. This is revenue not produced by raising taxes higher but simply by letting companies operate and pay the taxes already on the books.

Picture every state where the Government has blocked this kind of action. Think of what this kind of thing would do for the budget bottom line. And that doesn’t even count the employment taxes, social security taxes, income taxes, excise taxes and even fuel taxes that these businesses and every single employee they hire will be paying to local, state and federal governments simply for the privilege of working hard and making a money.

As Rep Cory Gardner said: “If we are going to unleash American Energy this is the best way to flip the switch

Maybe I’m old fashioned being the son of parents born in the 20’s but this makes sense to me.

Update: A related video