House Energy Package Restores Sanity to U.S. Development

• H.R. 1 addresses anemic federal oil and natural gas leasing and permitting
• A recent coalition letter shows broad industry support for the House bill
• Natural gas is integral to providing climate solutions
  
• U.S. oil production could be up to three million barrels more per day were it not for Pres. Biden’s policies

​DENVER – Western Energy Alliance today urged Congress to pass the Lower Energy Costs Act (H.R. 1) currently being debated in the U.S. House of Representatives. The bill addresses delays in federal oil and natural gas leasing, permitting, and environmental reviews. It also would repeal the methane emissions tax, escalated royalty rates, and higher fees included in the Inflation Reduction Act (IRA).
 
“Lawmakers are stepping up to address high gasoline and home energy prices after two years of the Biden administration’s unnecessary interference in energy markets. The growth of red tape over the past few years was not intended to protect the environment but to handcuff American oil and natural gas production in a misguided attempt to quickly transition to an alternative reality that does not exist. The result has been higher prices for all Americans,” said Kathleen Sgamma, president of the Alliance. “This bill is a welcome answer to government-imposed distortions to energy markets that have decimated the energy independence that America enjoyed just a few short years ago.”

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