From the Office of U.S. Congressman Jeb Hensarling
U.S. Congressman Jeb Hensarling (TX-05), a leading conservative and chairman of the House Financial Services Committee, released the following statement after the House of Representatives passed three bills related to our nation’s energy production – the Federal Lands Jobs and Energy Security Act of 2013(H.R. 1965), the Protecting States’ Rights to Promote American Energy Security Act (H.R. 2728), and the Natural Gas Pipeline Permitting Reform Act (H.R. 1900).
“The role of federal regulations should be to keep our economy free, competition fair, and customers safe. Unfortunately, energy producers are drowning under an avalanche of Washington red tape that is anti-jobs, anti-business, and anti-common sense.
“Since President Obama took office, total federal oil production is down 7.8 percent and total federal natural gas production is down 21 percent. The Obama Administration has proposed onerous federal regulations on hydraulic fracturing that not only duplicate regulations already in place in the states, but will cost at least $345 million a year. This, coupled with the fact that American companies must wait an average of 307 days for permit approval to drill on federal lands while the average on state lands is 12-15 days, is holding American innovation back, stifling American energy production, and costing Americans jobs and money.
“We need an all-of-the-above energy policy to keep prices down for hard working American families and to improve our security by decreasing our dependence on foreign energy sources. The energy bills passed this week will reign in the over-reaching federal government and unleash energy exploration in this country.”