American Petroleum Institute President Jack Gerard.
"Two pro-business energy leaders said Wednesday that federal regulations and taxes are putting the U.S. oil and gas industry at risk, delaying the creation of jobs and technological innovation.
Both Gerard and Harbert touted the potential that growth in the energy sector has for the overall economy. They urged President Barack Obama and federal regulators to be welcoming to ideas from the industry.
“You can’t be for the potential energy development in the United States and be against hydraulic fracturing,” Gerard said. “You fundamentally can’t regulate the very technology that has created the potential and deny the ability to use that in places where we can see job creation, revenue creation.”