Hoeven: States-First, All-of-the-Above Energy Policy Will Reduce Costs, Grow Economy, Provide High-Wage Jobs

WASHINGTON – Senator John Hoeven this week offered remarks about the importance of energy development to the manufacturing sector at an event hosted by the National Association of Manufacturers. As a member of the U.S. Senate Energy Committee, Senator Hoeven is working to implement a states-first, all-of-the-above energy policy for the nation that reduces costs and empowers economic growth.

“If we want to grow our economy and provide high-wage jobs for our citizens, we need to address our nation’s energy policy,” Hoeven said. “By letting states manage energy production within their boundaries and implementing a true all-of-the-above energy policy, we can produce more energy and reduce costs for our energy-intensive sectors such as advanced manufacturing. That means stronger exports, more growth and more revenues to address our nation’s debt and deficit.”

For more than a decade, North Dakota has experienced unprecedented economic growth not only in energy development, but also in the technology, value-added agribusiness and advanced manufacturing sectors. As of 2011, manufacturing accounted for 60 percent of all North Dakota exports. Hoeven said manufacturing accounts for over one quarter of all energy consumption in the nation, making the need for affordable and reliable energy that much greater.