Posted on: 03. 31. 22
It seems like since the beginning of the new year, the nation has been a buzz about hiking gas prices and what we can do to reduce the financial squeeze at the pump.
Although geopolitical actions that are out of our control are the key reasons behind expensive oil and gas (O&G), there are still some members of Congress who are willing to step up and try to help our nation become oil strong once again.
March was a big month for two GOP congressmen, as they each introduced an act that should get local O&G prices against the ropes.
What exactly are the plans and how effective could they be? Let’s drill a little deeper for the facts.
What is the “Restore Onshore Energy Production Act”
Rep. Matt Rosendale, R-Mont. Introduced a bill on 03/30 that would essentially roll back current moratoriums in place on O&G leasing on Federal lands.
This act would prevent the ban of these types of leases via Executive Order and would push for the government to approve at least 4 leases per year in each of the 7 states where O&G is a powerhouse.
This act is backed by 19 other members of Congress and is one of 6 similar bills that were presented to Congress today.
Sen. Ted Cruz Introduces the Energy Freedom Act
Earlier this month, Texas Senator Ted Cruz introduced the Energy Freedom Act which has the goal of once again, making America an energy-independent nation.
According to Cruz, recent policies have put billions of dollars into foreign sources that have in turn committed acts against our nation and its allies. If passed, Cruz says the new bill wouldn’t “cost taxpayers a dime” and will bring billions in revenue through further leasing, the creation of safe, new pipelines, expedited project permitting, increased exports, and more regulatory action in our industry.
Many of the key points of this act like prohibiting leasing bans on Federal lands and the reduction of foreign dependence on O&G are all present in any of the related proposed acts we’ve seen presented in congress this month. There is a clear goal in mind, let’s see where it could take us!
Could These Help Reduce Gas Prices?
The truth is that there are thousands of unused leases on Federal lands, and yes, if these and other acts passed, they would open the floodgates and allow for the expansion of essential O&G projects and services.
We’re not saying that gas prices would change overnight, but as we would have to rely on less and less gas from exporting nations, eventually the costs for general consumers would begin to show a downturn.
Stay Tuned on the Lates O&G News With Pro-Gas, LLC
We understand that everyone from facility managers to the average person filling up their vehicle is concerned about the direction gas prices are headed. While our primary goal at Pro-Gas, LLC is to provide facilities and mining sites with premier gas conditioners, mobile equipment, and more, we also take pride in the news we provide to the general public regarding our industry.
Contact us today to learn more about our services or just ask us a question! We’re ready to help in any way we can.
