This week, it was reported that Senator Joe Manchin (D-WV) has been working with congressional leaders to secure passage of comprehensive energy permitting reform legislation in an end-of-year funding package. Text of the updated text has not yet been released publicly. Below is a statement that can be attributed to me, Craig Stevens, spokesman for…
Today, media outlets confirmed Republicans have won a majority of the seats in the U.S. House of Representatives. This announcement follows news that Democrats would keep their Senate majority regardless of which candidate wins the runoff election in Georgia on December 5th. Please find below a statement from me, Craig Stevens, spokesman for the GAIN…
Just before the midterm elections, Vice President Kamala Harris announced $13 billion in new federal spending, funded by the “Inflation Reduction Act,” that will purportedly lower energy costs. At the same time, the IRA includes a provision that raises taxes on the oil and gas industry beginning in 2026, which may raise energy costs over…
President Biden announced today that his administration would explore working with Congress to institute a new federal tax on American oil and gas companies. While some members of Congress have introduced “windfall profits tax” legislation, this is the first public statement from the administration offering tacit support of higher taxes specifically designed to punish traditional…
The Federal Energy Regulatory Commission released a new report today warning that U.S. consumers should prepare for higher prices this winter as rising demand for natural gas and lower-than-average inventories will drive up the costs. Energy bills in New England are expected to be particularly high due to the region’s heavy reliance on natural gas…
Following remarks from President Biden today on energy prices and an announcement to release an additional 15 million barrels of oil from the Strategic Petroleum Reserve (SPR), the GAIN Coalition again urges the administration to embrace an all-of-the-above solution to meaningfully reduce energy prices for the long term. President Biden’s remarks come one week after…
Data released today from the Energy Information Administration (EIA) indicates the amount of crude oil in the United States Strategic Petroleum Reserve (SPR) continues its drop to dangerously low levels. According to EIA, the reserves have reached 408.7 million barrels through October 7, down 230 million barrels since President Biden’s Inauguration. U.S. emergency reserves have…
Today, the U.S. Bureau of Labor Statistics announced the Consumer Price Index increased 0.4% in September and 8.2% over the past 12 months. Inflation in America remains at a near four-decade high and high energy costs are burdening Americans across the country. Below is a statement that can be attributed to me, Craig Stevens, spokesman…
At today’s October Meeting, the Organization of the Petroleum Exporting Countries (OPEC) announced it will slash collective production by 2 million barrels of oil per day. The news confirms reporting from earlier this week that such an “historic” cut would take place, and could push oil prices back towards $100 per barrel according to some…
Senator Manchin’s permitting reform bill was cut from discussion before any vote could take place. He was expecting pushback from fellow Democrats but also faced opposition from the other side of the aisle. Below is a statement that can be attributed to me, Craig Stevens, spokesman for the GAIN Coalition: “Despite broad bipartisan support for…
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