Association of oil pipelines. Thank you all. Lets give them a round of applause. [ applause ] before i turn to my prepared remarks, id also like to acknowledge a couple dozen veterans that we have in our room today. Those that lead our efforts of what we call vets for energy group. Id like them all to stand. I think theyre all over in this area. Would you please stand for us . We greatly appreciate [ applause ] all you have to do is read the newspaper headlines today and see whats going on around the world. Its a very sobering thought, particularly as we give thanks to these veterans and others. What they have been doing is working hard on the issues of National Security associated with energy security. We want to give a special shoutout to you for your service and the other vets that happen to be in the room with us today. At your seat, you have a copy of this years report, which captures americas Current Energy reality and potential through the lens of seven u. S. Regions the east, s
Additional 1 million american jobs in 2025 and as many as 2. 3 million jobs in 2025. The study looked at the World Economic difference between proenergy Development Policies and antienergy Development Policies espoused by some. Over the next 20 years, proDevelopment Policies could increase local, state, and federal government revenue by more than 1 trillion and boost household Discretionary Income by as much as 508 billion. Further average annual Household Energy expenses would be lowered by approximately 360 per year at the same time. Conversely, National Energy policies that discourage Energy Development and constrain u. S. Refiners could lead to a decrease in 500 billion in government revenue from 2016 to 2035. Because according to the eia fossil fuels will account for 80 of u. S. Energy consumption through 2040 and the agency estimates that even under the bestcase scenario for alternative fuel use, fossil fuels will still account for 78 of our energy needs. This is just another dat