Investments in oil and gas transportation and storage should move ahead because they are essential in continuing the US economic recovery and North American energy renaissance, witnesses told a US House Transportation and Infrastructure subcommittee. “There is a growing awareness that this is a unique American moment,” American Petroleum Institute Pres. Jack N. Gerard said during the Pipelines, Railroads and Hazardous Materials Subcommittee’s Feb. 3 hearing. “It is a moment that marks the transition from endemic energy dependence to energy security and global energy leadership—both of which have been public policy goals of every president and every Congress since the 1970s. Gerard’s testimony continued, “But to be clear, to secure this unique American moment will depend heavily on our ability to build the necessary infrastructure to achieve our nation’s full energy potential.” The unexpected collapse of crude oil prices has altered the outlook for […]