Stalled Energy Project Harming Economy

Since the Gulf oil spill nearly a year ago, the U.S. Bureau of Ocean Energy Management, Regulation and Enforcement has issued just one deepwater drilling permit — but oil rig owners aren’t alone when it comes to permitting problems. Renewable, coal, natural gas, nuclear and transmission energy projects across the country also face delays and cancellations.

What’s worse: These stalled energy projects cost the American economy both GDP and jobs, according to an economic study released Thursday by the U.S. Chamber of Commerce.

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