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Republican budget bill boosts oil and gas production, scraps environmental review
- Republican lawmakers introduced a bill on Tuesday as part of the budget reconciliation process aimed at increasing energy extraction from federal territories, focusing on oil, gas, and coal resources.
- The bill responds to President Trump's energy dominance promises by expanding leasing, reversing Biden administration restrictions, and streamlining permitting.
- It proposes over $15 billion in federal savings and new revenue, with $12 billion from onshore leasing expansion and $3 billion from increased offshore leasing.
- Chairman Bruce Westerman emphasized that the bill presents a chance to strengthen domestic supply chains and bring back well-paying jobs to the U.S., while Democrat Jared Huffman criticized it as the most environmentally damaging legislation ever proposed in the country.
- Republicans expect to pass the bill by simple majority under reconciliation, but Democrats warn it may eliminate environmental protections and limit local input on drilling.
26 Articles
26 Articles
Undiscovered Gas in US Gulf Coast Could Power Nation for 14 Months
An assessment by the US Geological Survey reveals potential undiscovered oil and gas in two formations under much of the US Gulf Coast from Texas to Florida. The survey detailed that here are technically recoverable resources of 35.8 trillion cubic feet of gas and 28 million barrels of oil. That’s enough gas to power the entire United States for 14 months at the current rate of consumption, the USGS said in a note. “USGS energy assessments typic…
Westerman, U.S. House committee approve energy-focused legislation aimed at boosting production and reducing deficit | Northwest Arkansas Democrat-Gazette
WASHINGTON — After hours of considering amendments and hearing criticisms of congressional Republicans' reconciliation plans, the U.S. House Natural Resources Committee approved its portion of the sweeping policy package with sights on boosting energy production.
House Republicans push sweeping fossil fuel expansion in budget bill
Lawmakers are preparing to fast-track legislation that would expand mining and fossil fuel leasing while rolling back environmental reviews and clean energy incentives.Garrett Downs reports for E&E News.In short:The House Natural Resources Committee this week began marking up a Republican-led budget reconciliation bill aiming to expand oil, gas, and mineral extraction, lower royalties, and streamline permitting by introducing pay-for-speed revie…
Potential For Undiscovered Oil and Gas Resources in US Gulf Coast, Agency Says - Energy News, Top Headlines, Commentaries, Features & Events
(Reuters) – The U.S. Geological Survey (USGS) released an assessment on Wednesday detailing potential undiscovered oil and gas in two formations under much of the U.S. Gulf Coast from Texas to Florida. The assessment found that there are technically recoverable resources of 35.8 trillion cubic feet of natural gas and 28 million barrels of oil ...
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