WASHINGTON, Oct. 21 /U.S. Newswire/ -- Chairman Joe Barton (R- Texas) of the
House Energy and Commerce Committee and Richard W. Pombo (R-Calif.), chairman of
the House Resources Committee and Co- Chair of the Speaker's Task Force for
Affordable Natural Gas, today endorsed new laws signed by President Bush that
will make the long- awaited Alaska Gas Pipeline a reality and fulfill the
promise of affordable natural gas for homeowners and businesses in America. "Americans are hurting from high natural gas prices," Chairman
Pombo said. "President Bush, with one stroke of his pen, gave the go-ahead
to the largest energy project every built in North America. The gas line will
create new jobs and provide decades of natural gas to Americans who rely on
clean-burning natural gas for their way of life." The two chairmen have been extensively involved in working to ensure that
supplies of safe, secure and affordable supplies of domestic natural gas are
made available for future economic growth. They pointed out in the Affordable
Natural Gas Task Force Report to Speaker Hastert (September, 2003) that the
demand for cleaner energy for new power plants has not been met with an adequate
source of new natural gas supplies, and the resulting high prices have hurt
consumers. "Consumers should know -- that with the passage of this legislation --
that help is on the way," said Barton. The Alaska Natural Gas Pipeline will: -- enhance our nation security and freedom on foreign policy issues by
providing a secure, domestic supply of energy; -- provide a critical feedstock -- at a reasonable price -- for the chemical,
agricultural and other important sectors of our economy. These industries are
currently facing near catastrophic conditions including a dramatic loss of
markets, plant closures and layoffs due to the high cost of natural gas; -- create over one million new, well paying jobs spread across every state in
our nation and; -- provide an abundance of clean burning, environmentally friendly fuel. As Alaska Sen. Lisa Murkowski said in July, testifying before the Energy
& Commerce Committee, "the Alaska Natural Gas Pipeline is one of those
all too rare examples of a project that is a winner from every perspective. It
will help us achieve our environmental goals; it will help our economy by
creating a large number of new, well paying jobs and it will enhance our
national security."
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