IRA Opposition Letter to House Ways & Means Committee

With the Senate having passed H.R. 5376 this past weekend, our industry again wishes to express our sincere concerns with several of the provisions included in the bill. These concerns are nothing new as we have been discussing various provisions in legislative initiatives since the beginning of the Congress.

We collectively represent most of the small and mid-sized exploration and production industry and the millions of workers in the United States. With that in mind, we request your consideration of the negative impacts this bill will have on the oil and gas industry as well as our consumers, the manufacturers who rely on us, the agriculture industry, and the transportation industry. In short – this bill will exacerbate supply concerns at a time of high crude and gasoline prices.