ManuFACTS: Energy Security for Renewed Prosperity Act

• Increasing and diversifying domestic energy supplies will help jump-start the nation’s economy, raise revenues for cash-strapped federal and state treasuries and reduce our dependence on foreign supplies. • U.S. manufacturers are disproportionately affected by energy price instability and consume approximately one-third of our nation’s available supplies. • From 2000, when energy prices began to spike, particularly for natural gas, through the first quarter of 2008, the U.S. lost more than 3.7 million high-paying manufacturing jobs. • Capitalizing on the nation’s abundant domestic energy resources, including natural gas shales, will help stabilize the U.S. employment rate. • During roughly the last three decades, the U.S. population grew by 40 percent while energy requirements grew 47 percent. Today, imports account for fully 60 percent of our petroleum consumption and 34 percent of our total energy use.

How Congress Can Help
• Establish a national goal to increase the energy efficiency of the U.S. economy; • Strengthen and focus public-private research and development efforts to promote projects such as carbon capture and sequestration; • Promote development of a 21st-century workforce ready to assume the challenges of America’s future energy needs; • Align scientific review and implementation schedules for Clean Air Act programs; • Increase capacity for nuclear baseload power generation; and • Increase access and development of our domestic energy and feedstock supplies, including unconventional fossil fuels, such as coal-to-liquids and natural gas shale, and renewable energy, among other sources.

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Bottom Line
Nothing short of a robust, aggressive, comprehensive energy strategy will adequately address our nation’s energy needs and jump-start the economy. Manufacturers have crafted a six-part strategy, the Energy Security for Renewed Prosperity Act (ESRPA), to address our nation’s energy needs. Key provisions in the ESRPA call for: • Title I: Reducing the energy intensity of the U.S. economy; • Title II: Strengthening public-private research and development efforts; • Title III: Developing a workforce ready to build a modern energy economy; • Title IV: Rationalizing existing statutes and regulations; • Title V: Increasing domestic baseload power generation; and • Title VI: Increasing domestic energy supply and fuel diversity.

More Information
The drive for energy efficiency and implementation of energyefficient technologies will continue to provide the most immediate gains for domestic energy security. The Energy Department forecasts significant gains in energy efficiency in the future, but these gains will not come close to matching our nation’s energy demands. While investing in new energy sources and continuing to boost efficiency will play a critical role in meeting our country’s energy demands in the future, increasing access to domestic sources of reliable energy will be essential to the long-term health of U.S. industry as well as American workers.

More Information
Web: www.nam.org/energy E-mail: energy@nam.org

January 2011