Political Quotes

“Mr. Speaker, on day one of his administration, Joe Biden declared an all-out war on American energy production and exploration. He has made it clear that he cares more about appeasing the 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 administration filed this proposed rule titled ``Fluid Mineral Leases and Leasing Process,'' which mandates provisions from the partisan so-called Inflation Reduction Act--we know that it didn't reduce inflation; it expanded it--which increased the royalty rate for production on Federal lands while also increasing and creating new fees for domestic energy producers. This fluid mineral leasing rule is further proof that Joe Biden is using every tool in his administration to dismantle American energy production. It codifies pieces of the so-called Inflation Reduction Act, which is really the Green New Deal, and makes major nonstatutory changes to the BLM's onshore leasing program. It increases bonding levels for production on Federal lands and 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 land.…”