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When President Biden took office, American energy production was thriving, and gas prices were a little over $2. In just two years, we’ve seen record high gas prices and an inflationary spiral that’s reduced real wages and put a dent in the wallets of all Americans. In fact, it’s gotten so bad that the Energy Assistance Directors Association expects this winter, U.S. households will have paid the highest energy costs in 10 years. These frightening trends are a direct result of President Biden’s war on American energy and must be stopped.
Everyone benefits from American energy dominance and independence. Without significant work to make America an energy powerhouse over the last 15 years, our allies in Europe would still be depending on Russian oil and gas, which has already proven disastrous for countries like Germany. Energy security stemming from America’s abundance of energy should not be taken for granted.
President Biden, however, has significantly weakened our position in global markets and threatened our national security through his anti-American energy policies. We shouldn’t have to turn on the TV and see President Biden fist bumping with the Crown Prince of Saudi Arabia while he cuts an oil deal that ignores American producers. Why not use the massive energy reserves we have under our own soil? Energy security is national security, and it’s time for this administration to prioritize domestic energy production.
H.R. 1, the Lower Energy Costs Act, is House Republicans’ first and highest priority this congress as we look to repair the damage done by the Biden Administration. This bill will unleash the full power of American energy, boosting energy production while creating jobs and lowering costs for Americans. This starts by repealing restrictions put in place over the past two years and requiring concrete plans for future production.
The Biden administration’s policies have indefinitely delayed critical infrastructure projects and restricted mining for critical minerals necessary even for renewable energy, leaving our existing infrastructure in shambles and our supply chains reliant on China. The Lower Energy Costs Act will reform the broken permitting process that creates unnecessary roadblocks for energy producers, which will boost production and instill confidence in producers and consumers around the country.
We all want to leave a cleaner, healthier planer for our children and grandchildren. Investing in domestic energy production and innovation is the first step to reestablishing American energy dominance—all while reducing our carbon footprint.
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