Energy producers aren't causing gas prices to spike

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It is time to reverse their failed policies, and the American Energy Security and Transparency Act is a great first step to ending this crisis and restoring energy independence, writes RepHerrell.

I was not surprised to see White House press secretary Jen Psaki try to cover up these policy choices by deflecting blame to energy producers. She recited talking points, now universal among Washington liberals, that energy companies are sitting on over 9,000 “unused” permits to drill for oil and gas on federal lands and thus don’t need any relief or help from the Biden administration.

The lack of new lease sales has made some approved permits useless as well. Given the patchwork nature of how land is leased and the need to drill horizontally to tap resources, land adjacent to existing leases is sometimes needed to make extraction worthwhile. To acquire this land, producers identify it for the BLM to include in the next lease sale, which usually happens every three months.

This is why I introduced the American Energy Security and Transparency Act. This legislation helps tackle our energy crisis by requiring the BLM to resume lease sales immediately in states covered by the Mineral Leasing Act, including my home state of New Mexico. In addition, it requires the BLM to hold replacement lease sales to make up for the five sales that have been missed since President Joe Biden took office.

Lastly, my bill requires the BLM to proceed with the normal approval process for permits on leases whose validity has been confirmed by a federal court. This will free up hundreds of permits nationwide and allow for greater production almost immediately.

 

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