On the recordMarch 20, 2024
One of the things my good friends and colleagues on the other side of the aisle have stated is that the Big Oil and Gas companies are making record profits, and these bills are essentially tax cuts for Big Oil. That couldn't be further from the truth. This President's anti-energy agenda has driven up energy prices for all Americans, which also has created greater revenues for Big Oil companies. If Democrats are really concerned about energy prices, the best thing they can do is mirror the energy dominance policies of the previous administration. Doing so would create abundance, driving down energy prices for all Americans. Producers with no more than $5 million in retail sales of oil and gas in a year account for 83 percent of America's oil production, 90 percent of its natural gas, and natural gas liquids production. These are small businesses, Mr. Speaker, often locally and independently owned with a handful of employees, but collectively they support 4.5 million American jobs. Our Republican energy bills help ensure small businesses can continue to operate on Federal lands. Mr. Speaker, I reserve the balance of my time.
Source
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