Industry leaders are feeling the pressure from the Biden-Harris war on energy.
Just The News (8/19/24) reports: "As the Texas oil and natural gas industry continues to break production records and add jobs, it’s also calling on Congress to pass permitting reform legislation...Republicans in the U.S. House passed a series of bills to promote domestic energy production that were important 'in pushing back against the anti-energy and anti-consumer Biden Administration and its war on U.S. domestic energy,' Karr Ingham, economist and president of Texas Alliance of Energy Producers, said. 'It is critical for our industry, our nation, and the world to promote and expand abundant, affordable, and reliable petroleum energy production and support efforts to maintain our economy.' The series of bills have yet to pass the Democratic-controlled Senate. The Institute for Energy Research identified more than 200 actions it says the Biden administration has taken against the U.S. oil and natural gas industry since January 2021. The latest include temporarily banning new permits for liquified natural gas export permits, which a federal court blocked.
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"The Biden administration’s industrial policy distorts the market. Texas should not fall into the trap of picking another industrial policy and instead provide a level playing field where all forms of energy can compete."
– Vance Ginn, Ph.D.,
Ginn Economic Consulting
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