Rep. Ed Royce (R-CA), Chairman of the House Foreign Affairs Subcommittee on Terrorism, Nonproliferation and Trade, will host a hearing on Friday, December 16 titled, "Changing Energy Markets and U.S. National Security." It will be held at 10:00 am in 2200 Rayburn House Office Building.
Rep. Ed Royce (R-CA), Chairman of the House Foreign Affairs Subcommittee on Terrorism, Nonproliferation and Trade, will host a hearing on Friday, December 16 titled, "Changing Energy Markets and U.S. National Security." It will be held at 10:00 am in 2200 Rayburn House Office Building.
The hearing will examine developing trends in the global oil market, which has seen focus shift away from the Middle East and toward resources in the West. No longer are large energy production companies focused almost exclusively on unstable locations such as the Persian Gulf, North Africa, and the Niger Delta. Today, many are now searching for supplies in the U.S. and other developed countries. Hydrocarbons previously thought too difficult and expensive to extract are now being exploited from Australia to Canada. What are the geopolitical implications and impacts on U.S. national and economic security?
"Maximizing the energy potential closer to home – including initiatives like the Keystone XL pipeline – could add resiliency to the oil markets and help secure our energy supply. The economic benefits for the U.S. are tremendous. But only if we are willing to put in place policies to let it happen," said Rep. Ed Royce, the Subcommittee Chairman.
Appearing before the Subcommittee will be:
•Mr. Martin Durbin, Executive Vice President of Government Affairs, American Petroleum Institute
•Mr. Robert McNally, President, The Rapidan Group
•Dr. Gal Luft, Executive Director, Institute for the Analysis of Global Security
•Mr. Neelesh Nerurkar, Specialist in Energy Policy, Congressional Research Service
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