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National Black Chamber of Commerce (NBCC) Gives Support to Energy Exploration
WASHINGTON, D.C. /PRNewswire-USNewswire/- As Congress explored the oil lease plans on the Hill on June 24, 2008, the National Black Chamber of Commerce Chairman and CEO Harry Alford called on Congress to combat the rising price of fuel by opening the deep waters of the Outer Continental Shelf on active exploration.
“Gasoline now costs $4 a gallon, and there is a 10-year supply of it under our homeland,” Alford said. “That oil belongs to the American people, and Congress has an obligation to absorb it into our national supply. Drilling in the continental shelf will bring down the cost of oil on the global market even before its full competitive effect on the domestic gasoline market. Our domestic supply could save Americans billions of dollars a year. And with the average family annually spending more than $2,000 on gas, we’re not talking about spare change.”
Alford further warned about the damaging impact rising gas prices have on minority-owned businesses. “Without the luxury of massive economies of scale, new businesses and small businesses are hurt the most by the rising price of fuel. This issue hits at the heart of the minority business community, which represent many of the youngest and fastest growing businesses in the country. We are disproportionately harmed by the gas spike, and are watching Washington particularly closely to see who is and who is not sincere in their promises to help.”
The National Black Chamber of Commerce (NBCC) is a non-profit, non-partisan, non-sectarian organization dedicated to the economic empowerment of African American communities. One Hundred and ninety affiliated chapters are locally based throughout the nation as well as international affiliate chapters based in the Bahamas, Brazil, Columbia, Ghana, and Jamaica.
Ms. Harriet Tubman, your Venerable Conductor on the Black Information Highway and The Mid-South Tribune ONLINE