CEA Applauds President’s New Dedication to U.S. Energy Policy
“All of the Above” Strategy Needed, but Federal Agencies Remain Fixated on Blocking US Oil and Gas Production.
HOUSTON, TX – In response to the President’s third State of the Union address, Consumer Energy Alliance (CEA) President, David Holt issued the following statement:
“It is encouraging to hear the President emphasize the need for an ‘all of the above’ energy portfolio and call for expanded oil and natural gas development, which would indeed provide great benefits to American consumers – and we hope that the officials who regulate energy exploration and production throughout the Administration follow through on the President’s statements tonight.
“Natural gas is indeed a game-changer for the U.S. economy, creating hundreds of thousands of jobs and revitalizing entire regional economies. However, in spite of all this, multiple federal agencies, including the Environmental Protection Agency and the Department of Interior, have imposed enormous regulatory burdens that threaten to stifle the same natural gas production that the President praised in his speech.
“Similarly, while the President seemed to acknowledge the need for increased domestic oil production to reduce record-high gasoline and diesel prices, we have seen his Administration shut down the Gulf of Mexico with a moratorium, continue to block permits to allow exploration and production in Alaska and deny a permit for the Keystone XL Pipeline.
“CEA is hopeful that the President’s words tonight will result in federal agency deeds. America needs less regulatory oversight and more domestic energy production. Without a doubt, it will mark a tremendous change of direction for his Administration if he does.”