Western Energy Alliance to Testify at Senate Banking Hearing on Inflation

​DENVER – Western Energy Alliance President Kathleen Sgamma will testify at a hearing entitled “Child Care and Other Policy Tools to Combat Bottlenecks and Inflation” before the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy. 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 26th at 2:30 p.m. ET and is available on the committee’s website.
 
“Climate change policies meant to make energy prices ‘necessarily skyrocket’ achieved their intentions. Energy prices started to rise last year, and the administration started to really feel the heat last summer. The first reaction was to ask Russia and OPEC to increase their production in June. The policies meant to overregulate American oil and natural gas production continued,” said Sgamma. “When Russia and OPEC failed to heed that request, we in the American oil and natural gas industry made the case that we would be happy to increase production, but for policies specifically designed to prevent us from doing so. Still the policies continued.

​“The president could help ease inflation by backing off these policies and even encouraging American production. However, we have seen few meaningful signs, other than rhetorical, that a reversal is in the cards. The administration continues to show it is not serious about increasing production, reducing energy prices, and controlling inflation,” Sgamma added.
 
Sgamma’s full testimony is available on the Alliance’s website.
 
What:   Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy hearing on “Child Care and Other Policy Tools to Combat Bottlenecks and Inflation”
 
Who:     Kathleen Sgamma, president of Western Energy Alliance 
 
When:  Tuesday, April 26th, 2:30 p.m. ET
 
Where: The forum will be streamed on the committee’s webpage.

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