More on Energy
WASHINGTON – Today, Congressman Ken Buck (R-Colo.) released the following statement in opposition to President Biden’s expansion of the moratorium on oil and gas leases for federal lands and waters. The moratorium imposed by Executive Order just days after President Biden took office will negatively impact the economies, jobs, and local communities of rural America while threatening America’s energy security.
In the aftermath of the 1973 oil crisis, President Ford signed the Energy Policy and Conservation Act, which banned the export of most American crude oil. Rather than shielding the United States from volatile world markets, the ban depressed domestic oil production, made America more dependent on foreign oil, and drove up the price of gas.