Political Quotes

“Mr. President, as a fifth-generation Montanan and having spent 18 years in the private sector, I know how important it is to receive your fair share in any deal. However, the Office of Natural Resources Revenue Consolidated Federal oil and gas and Federal and Indian coal valuation reform rule does not protect the taxpayers' fair share of mineral royalties as finalized. The rule as finalized creates high uncertainty and, at worst, could cause many energy operators across the country to shut-in what is already very capital-intensive production, placing our Nation's energy and infrastructure security and good-paying energy jobs at risk. The rule could leave the taxpayer at a net loss in royalties. This resolution would halt implementation of the final ONRR valuation rule, a rule whose implementation is already postponed due to litigation, allowing the States and producers to work with the Department of the Interior to reform valuation in a common- sense way. I thank Senators Hatch and Kennedy for joining me on introducing this resolution, and I ask my colleagues to join me in supporting this legislation. Mr. President, I ask unanimous consent that the text of the joint resolution be printed in the Record. There being no objection, the text of the joint resolution was ordered to be printed in the Record, as follows: S.J. Res.…”