Political Quotes

“Mr. Chair, from day one of this regime, Joe Biden and Kamala Harris declared an all-out war on American energy production and exploration. They have made very clear that they care more about appeasing radical climate change activists than protecting the millions of oil and gas workers and producers in America. I was disappointed but not surprised when the Biden regime finalized the rule titled Fluid Mineral Leases and Leasing Process, which mandates provisions from the partisan so-called Inflation Reduction Act, which increased the royalty rate for production on Federal lands while also increasing and creating new fees for domestic energy producers. This new fluid mineral leasing rule is further proof that the Biden- Harris regime is using every tool in their administration to dismantle American energy production. It increases bonding levels for production on Federal lands, proposes ending nationwide bonding, and increasing the minimum bond amounts for individual lease bonds and statewide lease bonds from $10,000 to $150,000 and from $25,000 to $500,000, respectively. This significant increase will tie up capital that would otherwise be put back into production and is unjustifiable as there are only 37 orphaned oil and gas wells on BLM-managed lands. These increases will impact smaller producers who can't afford to operate in the market.…”