Blankfein appeared on "Squawk Box" from Goldman's North American Energy Summit in New York. He said that U.S. regulatory uncertainty is holding back building out American energy capabilities for the future.
"We have the opportunity to be energy sufficient in North America," he asserted. "Think about how the last 40 years would have played out had we not needed energy from all those difficult places in the world."
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Earlier on CNBC, Goldman's head of commodities research, Jeffrey Currie, warned that the economic benefits of tapping U.S. energy resources could be squandered under the weight of a lack of reinvestment in infrastructure and manufacturing.
"These problems share a common solution. And that's a well-defined, clear, credible, and durable energy, environment and transportation policy," Currie said.
Failure to act over the next decade risks the creation of more than 2 million new jobs, 1 percent of additional GDP growth and at least a 5 percent incremental reduction in greenhouse-gas emissions, he said.
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