WASHINGTON, D.C. — In response to President Biden’s plans to combat high gas prices, U.S. Chamber Global Energy Institute President Marty Durbin issued the following statement:
“We agree with President Biden that American oil and gas production is essential to relieving high fuel prices and to energy security for the U.S. and our allies. However, the Administration continues to mischaracterize the obstacles to ramping up production, one of which is their own reluctance to process permits. American energy companies have paid significant funds for leases and have every incentive to produce energy where they can. However, it takes years and many permits to explore for energy and even then, not every well drilled on a federal lease is ultimately suitable for energy production, which the Administration continues to ignore. Further, punitive policies and rhetoric send exactly the wrong message to industry and its investors at a time when the Administration should be seeking to collaborate, not punish.
“America clearly needs to develop a robust and homegrown strategic minerals supply chain, so we appreciate that recognition in today’s announcement. However, the Administration should develop a comprehensive strategic minerals strategy in collaboration with stakeholders so that U.S. mining projects and processing facilities get the regulatory approvals they need.”