Marty Durbin, President of the U.S. Chamber’s Global Energy Institute, issued the following statement regarding the release of the Biden Administration’s Proposed 5-Year Offshore Oil and Gas Leasing Plan today:
“Today’s announcement sends more mixed signals from the Administration and is another punch in the gut to consumers and businesses suffering from high energy prices and inflation. Reliable, affordable energy requires long term planning, a government-wide approach and clear signals to the market. This proposal provides none of that. It defies common sense to allow the 5-Year plan to lapse for the first time ever and propose restricting oil and natural gas development at home while asking OPEC nations to produce more.”
