Posted March 25, 2011
Nevada drivers have a right to be concerned about rising fuel prices, and the editorial's point, that there is no one way to achieve a balanced energy policy to bring stability to the energy markets, is on the mark.
For years we have advocated a comprehensive policy; in fact, U.S. oil and natural gas companies are among the leaders in increasing efficiency, in encouraging wiser use of all energy and in the development of alternative-energy technologies, such as solar, wind and geothermal power and biofuels.
Until those technologies are capable of providing more energy for all Americans at reasonable costs, we will need more oil and natural gas, and America must continue to pursue policies that encourage responsible development of American oil and natural gas resources.
The energy markets are constantly looking for signals to guide today's investment strategies for producing tomorrow's energy. Regrettably, the signals this administration has been sending encourage less investment in future energy production -- unless you are in Brazil, where President Barack Obama recently urged greater oil production for exporting to the United States.
The Obama administration has a responsibility to pursue policies that will result in greater energy security and provide more energy of all types to meet a growing economy's energy demands while providing more jobs for Americans, including in Nevada.
ABOUT THE AUTHOR
Rayola Dougher is senior economist at The American Petroleum Institute (API), where she analyzes information, manages projects and develops briefing materials on energy markets and oil industry policy issues. She is the author or co-author of economic research studies covering a diverse range of topics including crude oil and petroleum product markets, gasoline taxes, energy conservation and competition in retail markets. In addition to testifying before federal and state legislators, she has participated in numerous newspaper, radio and television interviews on a wide range of issues affecting the oil industry, including crude oil and gasoline prices, industry taxes and earnings, exploration and production, and refining and marketing topics.
Prior to joining API, Rayola worked at the Institute for Energy Analysis where her research focused on carbon dioxide related issues and international energy demand and supply forecasts. Rayola holds a Masters degree in Economic Development and East Asian studies from the American University and a degree in History and Political Science from the State University of New York at Brockport.