Annually, Texas exports approximately 4 billion cubic feet a day of liquified natural gas. met more than a quarter of European demand last year for liquified natural gas, with the majority of those exports originating from the Gulf Coast. Efforts to shame lenders for providing capital to oil and natural gas companies further slowed energy production and essential infrastructure development.Īccording to the Energy Information Administration, the U.S.

Just months ago, the administration’s pleas to foreign countries to increase their production, while undercutting local jobs and local investment, had a chilling effect on domestic energy development. This crisis should be a wakeup call that we need strategic, collaborative American energy policy that treats oil and natural gas as an asset and not a liability. American consumers are suffering with skyrocketing prices and feeling the repercussions of canceled pipeline projects, halted leases on federal lands, delayed approvals for permits and the discouragement of additional expansion - all poor, short-sighted decisions that are exacerbated by the war. Secretary of Energy Jennifer Granholm called upon American energy producers to increase output “ to stabilize the market and minimize harm to American families.” This comes after more than a year of the Biden administration taking deliberate steps to discourage, and in some cases halt, oil and natural gas production in our country, in addition to calling for an end to drilling, during the 2020 campaign. In the wake of the crisis in Ukraine, last week U.S.

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