Heightening the Congressional debate between \u201cdrill baby\u201d or investment in alternative energy, the House Committee on Energy & Commerce, Energy & Power subcommittee Sept. 13 was updated on the potential for domestic oil and gas independence. \u201cThere are two different versions of energy policy for America. The choice is \u2018all of the above\u2019 or \u2018oil above all,\u2019\u201d said Rep. Henry Waxman (D-CA). Other panelists, like John Freeman, Raymond James & Associates managing director, touted investments in domestic fossil supplies could cause imports to disappear entirely by 2020. \u201cWe are in a new energy renaissance\u201d--out from under Organization of the Petroleum Exporting Countries\u2019 \u201cdominance,\u201d Harold Hamm, chief executive officer of Continental Resources chief executive officer, added. The committee, dominated by Republicans, veered toward increased investments and political support for increased domestic drilling. They appeared to agree that investment in new extraction technologies trump the concept that fossil fuel production is past its peak. \u201cThere are geopolitical benefits and economic benefits,\u201d said subcommittee chair Rep. Ed Whitfield (R-KY). He noted that economic benefits are construed to be up to $300 billion for the nation. \u201cGod gave us a great resource. Let\u2019s use it,\u201d echoed Rep. John Sullivan (R-OK). That adds to the country\u2019s greenhouse gas pollution, said Dan Weiss, Center for American Progress director of climate strategy. He suggested ridding the budget of $2.4 billion\/year for the top five energy companies\u2019 tax breaks and instead using funds to extend production tax credits for wind.