On the recordNovember 16, 2016
Mr. President, I rise in strong support of S. 3110, the American Energy and Conservation Act of 2016. This would increase revenue-sharing with the States for offshore oil and gas development. This legislation is scheduled for a vote on the Senate floor tomorrow. I am pleased the Senate is finally voting on this critical legislation, and I thank my colleague from Louisiana, Senator Cassidy, for his lead and his hard work on this crucial issue. Senator Cassidy and I and several of our colleagues have worked hard over the years to bring this issue to the forefront and help both Congress and the American people understand how important revenue-sharing is not only to Louisiana, to other energy-producing States, but to the country and for the good of the country to expand American energy. I also thank Leader McConnell and Chairman Murkowski for working with us to bring this important bill to the floor for a vote. Revenue sharing with oil- and gas-producing States is only fair, for two key reasons: First, energy-producing States incur real costs and real impacts from that production, including environmental, and second, revenue sharing is the most important way we can continue to incent domestic energy production over the long term in this country. It makes it fair and smart for our U.S. energy future. Energy production is essential to job creation and an overall healthy economy.…





