Coastal and Marine Economies Protection Act

Floor Speech

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Mr. BOST. Mr. Chair, I thank my colleague for yielding.

Mr. Chairman, for years, we have been told that we live in a resource-poor Nation. We were also told that the domestic oil and gas reserves were depleted. But, today, we know how wrong those predictions are.

America is now the world leader in energy development. But don't forget about the jobs. Oil and gas production is a jobs multiplier. According to recent studies, more than 10 million American jobs can be attributed to oil and gas production. For each drilling and oil job, many more are created in manufacturing, transportation, and service industries.

In my district, the U.S. Steel Granite City Works facility produces the steel for Oil Country Tubular Goods. These products are used in oil and gas production. These are good-paying jobs with great benefits.

In addition to the steel jobs in Granite City, approximately 10,000 Illinois manufacturers have jobs that have oil and gas industry ties. According to some estimates, an additional 1 million manufacturing jobs could be created through oil and gas development.

We need to think about this as the political fringes try to shove the Green New Deal down our throats.

I urge my colleagues to oppose this legislation.

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