May 5, 2022

Cassidy Blasts High Gas Prices, Biden Icing Out Domestic Energy Producers

WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) today blasted President Biden’s Energy Secretary, Jennifer Granholm, for spearheading the administration’s assault on domestic energy production during a Senate Energy and Natural Resources Committee hearing on the president’s Department of Energy budget request for fiscal year 2023. Cassidy expressed concerned over domestic energy producers being iced out of the financial system and losing access to capital because of the administration’s push to kill all fossil fuel production. 

“The mom sitting at home who can’t afford her gas, she can’t afford an electric vehicle, her pickup truck is 15 years old—she is frustrated. And she wants answers,” said Dr. Cassidy.  

“I think the reason that we’re so frustrated is that if you look at the reality, the context of this administration’s attitude towards fossil, you’ve killed financing,” continued Dr. Cassidy.

“Financial markets have picked up on it, so these people can’t get capital,” concluded Dr. Cassidy. 

In response to the Biden administration’s assault on domestic energy, Cassidy released a landmark energy & climate policy outline earlier this year detailing how the U.S. can successfully reset our energy and climate policy. The outline included Cassidy’s plan for an Operation Warp Speed for U.S. energy production to cut permitting red-tape and unleash U.S. energy.