Senate Hearing on Oil Prices to Feature Western Energy Alliance

DENVER – Western Energy Alliance President Kathleen Sgamma will testify at a hearing entitled “Ensuring Transparency in Petroleum Markets” before the Senate Committee on Commerce, Science, and Transportation. Sgamma will discuss the need for the president to reverse course to enable American producers to increase supply and bring down energy prices. The hearing will take place Tuesday, April 5th at 10:00 a.m. ET and is available on the committee’s website.
 
“Since before taking office, President Biden has been clear that his climate change agenda is a zero-sum relationship with the American oil and natural gas industry; action on climate change meant a diminishment of American oil and natural gas,” said Sgamma. “From day one with the cancelation of the Keystone pipeline followed a week later by the leasing ban, this administration was intent on restricting American oil and natural gas. On federal lands and waters where the federal government has the most control, he has pledged eliminating it altogether.

“But a funny thing happened. Climate change policies meant to make energy prices ‘necessarily skyrocket’ actually achieved their intentions. Energy prices started to rise last summer and the administration started to feel the heat. The first reaction was to ask Russia and OPEC to increase their production. The policies meant to overregulate American oil and natural gas production continued. When Russia and OPEC failed to heed that request, we in the American oil and natural gas industry made the case that we’d be happy to increase production, but for policies specifically designed to prevent us from doing so,” Sgamma added.
 
Sgamma’s full testimony is available on the Alliance's website.
 
What:   Senate Committee on Commerce, Science, and Transportation hearing on “Ensuring Transparency in Petroleum Markets”
 
Who:     Kathleen Sgamma, president of Western Energy Alliance 
 
When:  Tuesday, April 5th, 10:00 a.m. ET
 
Where: The forum will be streamed on the committee’s webpage.

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