“It’s time to get the government out of the way, remove federal restrictions and start harvesting the oil we have right here at home. We can’t afford to drag our feet any longer.”
(WASHINGTON – May 4, 2011) With gasoline prices nearing record highs, and with the busy summer driving season just four weeks away, Congressman Frank Guinta (R, NH-01) is adding his name and support to legislation aimed at helping Granite State drivers.
Guinta is an original co-sponsor of the “Reduce Pain at the Pump Act.” The bill is scheduled to be formally submitted on Thursday. It calls for simultaneous immediate action on three fronts. First, it repeals President Obama’s “permatorium” on America’s Outer Continental Shelf resources and allows energy production to resume off the East and West Coasts, the Gulf Coast and in parts of Alaska. It repeals the energy-restricting Bureau of Land Management lockup of western lands to allow energy production to begin there, including programs to accelerate production of oil shale and tar sands resources. Finally, it provides immediate relief from EPA regulation and mandates that cause artificial price increases.
“People tell me every day that high gasoline prices are taking a serious bite out of their wallet,” Guinta said. “Working families are hurting, and experts say gas prices will likely keep going up unless decisive action is taken, right now, by Washington.”
Guinta said the “Reduce Pain at the Pump Act” is the best tool for getting government out of the way and to let crews start tapping into more of America’s vast petroleum resources.
“The pricing crisis that is causing so much financial hardship for so many Granite Staters boils down to the simple law of supply and demand,” Guinta said. “Demand drives up the price. When you increase the supply, the price goes down. It’s time to get the government out of the way, remove federal restrictions and start harvesting the oil we have right here at home. We can’t afford to drag our feet any longer.”
This is the second important piece of energy legislation that Guinta has co-sponsored. He is also a co-sponsor of H.R. 909, “A Roadmap for America’s Energy Future.” It calls for the steps taken by the “Reduce Pain at the Pump Act.”