Rep. Nick J. Rahall Ii Holds a Hearing On the Deepwater Explosion's Strategy Impact, Panel 3

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Rep. Nick J. Rahall Ii Holds a Hearing On the Deepwater Explosion's Strategy Impact, Panel 3

HOUSE COMMITTEE ON NATURAL RESOURCES HOLDS A HEARING ON OUTER CONTINENTAL SHELF OIL AND GAS STRATEGY AND IMPLICATIONS OF THE DEEPWATER HORIZON RIG EXPLOSION, PANEL 3

MAY 27, 2010

SPEAKERS: REP. NICK J. RAHALL II, D-W.V., CHAIRMAN REP. DALE E. KILDEE, D-MICH. DEL. ENI F.H. FALEOMAVAEGA, D-A.S. REP. SOLOMON P. ORTIZ, D-TEXAS REP. FRANK PALLONE JR., D-N.J. DEL. DONNA M. CHRISTENSEN, D-VIRGIN IS. REP. GRACE F. NAPOLITANO, D-CALIF. REP. RUSH D. HOLT, D-N.J. REP. RAUL M. GRIJALVA, D-ARIZ. DEL. MADELEINE Z. BORDALLO, D-GUAM REP. JIM COSTA, D-CALIF. REP. DAN BOREN, D-OKLA. REP. JOHN SARBANES, D-MD. REP. GEORGE MILLER, D-CALIF. REP. EDWARD J. MARKEY, D-MASS. REP. PETER A. DEFAZIO, D-ORE. REP. MAURICE D. HINCHEY, D-N.Y. REP. DIANA DEGETTE, D-COLO. REP. RON KIND, D-WIS. REP. LOIS CAPPS, D-CALIF. REP. JAY INSLEE, D-WASH. REP. JOE BACA, D-CALIF. REP. STEPHANIE HERSETH SANDLIN, D-S.D. REP. MARTIN HEINRICH, D-N.M. DEL. GREGORIO "KILILI" CAMACHO SABLAN, I-NORTHERN MARIANA IS. REP. CAROL SHEA-PORTER, D-N.H. REP. NIKI TSONGAS, D-MASS. REP. FRANK M. KRATOVIL JR., D-MD. RES. COMMISSIONER PEDRO PIERLUISI, D-P.R. REP. BEN LUJAN, D-N.M.

REP. DOC HASTINGS, R-WASH. RANKING MEMBER REP. DON YOUNG, R-ALASKA REP. DOUG LAMBORN, R-COLO. REP. ELTON GALLEGLY, R-CALIF. REP. JOHN J. "JIMMY" DUNCAN JR., R-TENN. REP. JEFF FLAKE, R-ARIZ. REP. HENRY E. BROWN JR., R-S.C. REP. CATHY MCMORRIS RODGERS, R-WASH. REP. LOUIE GOHMERT, R-TEXAS REP. ROB BISHOP, R-UTAH REP. BILL SHUSTER, R-PA. REP. ADRIAN SMITH, R-NEB. REP. ROB WITTMAN, R-VA. REP. PAUL BROUN, R-GA. REP. JOHN FLEMING, R-LA. REP. MIKE COFFMAN, R-COLO. REP. JASON CHAFFETZ, R-UTAH REP. CYNTHIA M. LUMMIS, R-WYO. REP. TOM MCCLINTOCK, R-CA. REP. BILL CASSIDY, R-LA.

WITNESSES: RANDALL LUTHI, PRESIDENT, NATIONAL OCEAN INDUSTRIES ASSOCIATION

JACK GERARD, PRESIDENT AND CEO, AMERICAN PETROLEUM INSTITUTE

MICHAEL HIRSHFIELD, SENIOR VICE PRESIDENT FOR NORTH AMERICA, OCEANA

MICHELLE FOSS, HEAD, CENTER FOR ENERGY ECONOMICS AND CHIEF ENERGY ECONOMIST, UNIVERSITY OF TEXAS

[*] RAHALL: Our third panel is composed of Mr. Randall Luthi, the president of National Ocean Industry Association; Mr. Jack Gerard, the president and CEO of American Petroleum Institute; Dr. Michael Hirshfield, Ph.D., senior vice president for North America and chief scientist, Oceana; and Dr. Michelle Michael Foss, Ph.D., head of the Center for Energy Economics and chief energy economist at the University of Texas.

Lady and gentlemen, we have your prepared testimonies and, of course, they all will be made part of the record as if actually read and you're encouraged to summarize.

And Mr. Luthi, we'll start with you. Welcome back to the committee again.

LUTHI: Well, thank you, Mr. Chairman, and Ranking Member Hastings and members of the committee. Thank you again for inviting me to speak about the Outer Continental Shelf and the oil and gas strategy implications as a result of the tragedy in the Gulf of Mexi...

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