Infrastructure

America's energy boom provides a unique opportunity for the U.S to create even more jobs, and save energy, for Americans by updating our nation's energy infrastructure.

For the last several years, the United States has been the world's top producer of oil and natural gas.  This dramatic expansion in our nation's energy production has rocketed us ahead of perennial top oil-producing nations like Saudi Arabia and Russia. 

As a result, spending on the infrastructure necessary to support our energy boom has increased about 60% from 2010 to 2013.   In 2015, nearly $45 billion was spent on new infrastructure.
 
While this is a great start, more is needed to support our nation's new place as the world's leading producer of oil and natural gas.  The need to get energy from production to where it is needed is growing.   

"Ensuring we have a robust energy infrastructure system that keeps pace with growing production and demand is essential to helping American families and businesses have reliable access to affordable energy. … Whether it is powering our nation’s electricity grid, delivering natural gas to heat homes and run appliances, supplying raw materials and energy to industry and manufacturing, or delivering the transportation fuels we use every day, this investment will ensure that these critical products are there when and where they are needed most."  Jack Gerard, American Petroleum Institute President and CEO, in letter to US Congress.

But that is not bad.

Having all this energy and building the necessary infrastrucutre has tremendous economic benefits that go beyond eneregy security. 
 
Infrastructure development would add up to $1.89 trillion in contributions to U.S. GDP through 2035 and support, on average, up to 1.047 million American jobs annually, estimated a recent IFC study.

American energy represents tremendous opportunity for our country.  The study by ICF also showed that our abundant natural gas and oil reserves could support up to $1.34 trillion in private investments through 2035 in a broad array of infrastructure: pipelines, refining and oil products transport, surface and lease equipment, gathering and processing facilities and storage and export terminals.

If America is to continue to lead the world as the top producer of oil and natural gas energy, we must have the infrastructure necessary to secure our nation's energy future.

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