H.R.6858 - American Energy Independence from Russia Act

H.R.6858 - American Energy Independence from Russia Act
The American Energy Independence from Russia Act (H.R.6858) currently has 129 cosponsors in the House and 10 in the Senate. The bill addresses U.S. energy security, the production of oil and gas, and the importation and exportation of oil and gas.
Specifically, the President must submit an energy security plan that (1) evaluates U.S. crude oil, petroleum products, and natural gas imports and exports; (2) assesses the energy security risks of such imports; and (3) includes strategies to encourage increased domestic production of crude oil, petroleum products, and natural gas to offset Russian imports.
The bill also approves the TransCanada Keystone Pipeline in Phillips County, Montana for the import of oil from Canada to the United States.
In addition, the bill grants the Federal Energy Regulatory Commission the authority to approve or deny applications for facilities to export natural gas from the United States to foreign countries or import natural gas from foreign countries.
The President and federal agencies must obtain congressional approval before (1) prohibiting or substantially delaying certain new energy mineral leases or permits on federal lands, or (2) withdrawing certain federal lands from mineral and geothermal leasing activities.
The Department of the Interior must resume issuing oil and gas leases on federal lands and offshore submerged lands in the Outer Continental Shelf as specified under the bill.
Finally, the bill limits the drawdown of petroleum in the Strategic Petroleum Reserve until the Department of Energy develops a plan to increase the percentage of federal lands leased for oil and gas production.
For:
Cathy McMorris Rodgers (R-WA): “America’s energy dominance is our strongest weapon against Putin. Today, we are introducing the American Energy Independence from Russia Act that would require President Biden to make an energy security plan within 30 days and take action to unleash America’s oil and natural gas production to offset Russian imports.
“The American Energy Independence from Russia Act will immediately approve the Keystone XL pipeline, unleash U.S. LNG exports to boost natural gas production, restart oil and gas leasing on federal lands and waters, and protect energy and mineral development from attacks by the Biden administration.
“Putin and Russia’s economy are dependent upon dominating energy production and exporting to other nations. He gains power by doing so, and it’s what funds his military and aggressive behavior. To counter Putin, our bill flips the switch to promote American energy jobs, production, and exports. America must shut down Putin’s war chest and stop bloodshed in Ukraine, and this legislation is a vital step in achieving those goals.”
(E&C Committee Press Release)
Opponents argue we are energy independent, and that oil importing and exporting is more complicated than some political sound bites one would have you believe. Opponents argue what we should be focused on is corporate greed.
Rep. Jim McGovern (D-MA) "The Biden administration is actually outpacing Trump in the approval of new permits to drill, and the U.S. oil industry is already sitting on 9,000 unused permits.
"And even though the United States is the number one producer of oil in the world, these companies still aren’t even producing as much crude oil as they did before the pandemic. They're choosing instead to meet the resurgence of demand with an artificial shortage to jack up their profits.
"Although our country has been a net-exporter of fossil fuel energy since 2019, the volatile nature of a global commodity like oil means that prices can never be fully insulated from geopolitical events.
"Adding to corporate America's deception is the disingenuous insistence that new fossil fuel supplies could be available in time to make a difference.
"We can’t just flip a switch to turn on the Keystone XL pipeline, as GOP leadership claims. The reality is Keystone XL was never even built—and experts estimate it would only lower gas prices by a single cent per gallon.
"Greedy fossil fuel companies know this, but they want to lock us in to new infrastructure and long-term contracts that keep America dependent on them.
"The claim that our energy independence lies hidden at the bottom of new oil wells or at the end of new pipelines is a lie."
Should Congress pass a bill to strengthen United States energy security, encourage domestic production of crude oil, petroleum products, and natural gas?