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<\/p>\nEnergy Workforce and Technology Council CEO Leslie Beyer said their industry supports the Administration\u2019s continued sanctioning of Russia, including the most recent ban on imports of Russian oil.<\/p>\n
\u201cThe industry had already made great progress in cutting off and reducing its participation in the energy industry in Russia. President Putin\u2019s unprovoked, unilateral attack on Ukraine brings to the forefront the need to maximize US domestic energy resources,\u201d said Beyer.<\/p>\n
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\u201cThe US energy sector has the expertise, technology, workforce and innovation to increase our domestic supplies of oil and natural gas in a cleaner more environmentally safe, more reliable and responsible way than our foreign counterparts,\u201d Beyer said. \u201cBut to maximize our abilities, the Biden Administration must take immediate action to embrace the security and reliability of domestic energy and encourage production and investment in the US oil and natural gas industry,\u201d she added.<\/p>\n
Claims that the oil and natural gas industry is intentionally delaying production on 9,000 leases is false and misleading, she said.<\/p>\n
\u201cConsidering that the production ability of leases varies, the truth is the overwhelming majority of US leases are in fact being used,\u201d Beyer said. \u201cThis number could be even higher had the Administration not taken steps that have limited access to capital and financing and added new regulatory burdens, which have in turn hampered production.\u201d<\/p>\n
\u201cIt is also incomprehensible why the Biden Administration would ask rogue regimes in Venezuela and Iran to produce more energy when the US has the resources available and was a net exporter only a few short years ago.<\/p>\n
\u201cOur energy production systems are a culmination of innovation, technology, and manpower, with an unparalleled record of reliability and efficiency that produce hydrocarbons in the cleanest, most ethically produced manner. Our domestic industry stands ready to meet global energy demand, however this is only possible through robust investment and consistent support of US oil and natural gas companies.\u201d<\/p>\n