When President Biden paused federal oil and gas lease sales in the Gulf of Mexico, our industry faced unprecedented uncertainty leading to record-high gas prices for consumers.

As the leading trade association representing the entire value chain of the U.S. oil and natural gas industry, API supports policies that strengthen our nation's energy security and our economy, and that protect our environment.

the American people are going to get a fair return for the minerals that they are providing to companies.

The TAP act provides clarity and consistency in three areas that will help meet the administration's goal of deploying at least 25 GW of geothermal resources on public land by 2025.

It is good that Congress is back at work. A lot of us have been not just slipping out and taking a break.

the failure to provide the American people with a fair return on their minerals is wrong.

Yes. We have--tradition has been we divide the resources up two-thirds and one-third, and that is the plan to do that going forward.

The multiple-use mandate provided in the Federal Lands Policy and Management Act (FLPMA) requires the Bureau of Land Management (BLM) to balance the resources and uses of public lands to the benefit of the American people.

the Biden Administration has implemented policies that put significant mineral and fuel resources off-limits to exploration and development.

It is always a challenge when you are dealing with the issues that we are talking about inside a building here in D.C. to see the real effect that is happening out in the real world.

If we can bring the smelting and processing back home and incentivize new mines, we could recapture that, and really advance our economic future in electrification.

this is not to say that mining doesn't promote economic development in some communities.

Regulatory reform is critical to alleviate barriers to geothermal development in the United States.

IPAA thanks Chairman Westerman, Chairman Stauber, and Representative Graves for the thoughtful reforms outlined in the Transparency and Production of American Energy Act of 2023 (TAP Act).

We produce energy with less emissions, cleaner, and safer on our facilities than we do anywhere else.

Every time we refuse to permit a mine here in America, we are depending more on mines that are controlled by Chinese.

We do intend to use that like we did on the first field hearing that we did.

We can have clean energy. We produce energy cleaner in America than anyplace else in the world.