Hoeven: We Must Reduce the Regulatory Burden, Empower Our Energy Industry to Compete in the Global Market

Press Release

During a Senate Energy Committee hearing this week, Senator John Hoeven drove home the importance of empowering America's energy industry to compete in the global market. While speaking with witnesses from both private and federal organizations, including the U.S. Energy Information Administration, Hoeven highlighted how burdensome federal regulations impede and increase the costs of domestic energy development, which hinder the nation's exports, reduce economic growth and undermine national security.

"Just as we worked to put North Dakota in a position to compete globally, we need to put the nation in a position to compete, particularly now because we're engaged in a global battle to determine who will provide the energy of the future," Hoeven said. "The Obama Administration continues to push regulations that make it more difficult and costly to produce energy here is the U.S., while at the same time making it easier for our adversaries, such as Iran, to produce and export more oil. We need to reduce the regulatory burden and empower our nation's energy industry to compete. That will mean more economic growth, good jobs for our citizens and help make our nation energy secure."

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