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03 09, 2020 by BIC Magazine | Lori LeBlanc
During the next eight months, as we approach election day Nov. 3, you and I will hear a lot of promises from the presidential candidates. We will hear candidates promote their positions on our federal tax structure, health care, student debt, foreign policy and immigration, just to name a few.
There's one campaign issue that may not grab as many headlines, but actually impacts every American, regardless of location, income, age or political party. That issue is domestic oil and gas production.
Leading up to this spring's primaries, several presidential hopefuls have decried American oil and gas production, pledging extreme, overreaching actions if elected, such as a total moratorium on all new fossil fuel leases, immediately ending all existing fossil fuel extraction on federal lands and waters, and banning offshore drilling. These unrealistic promises may appeal to some interest groups, but the implementation of these drastic policies would be devastating to all Americans.
Our national, state and local economies could not survive a massive shutdown of domestic oil and gas production. The U.S. needs oil and gas now and for decades to come. Safely producing oil and gas here at home is key to our economic and national security. Here are just a few reasons why:
Clearly, oil and gas are a crucial part of the U.S.'s energy portfolio, and an abrupt end to production would have dire consequences for our country and the world. LMOGA works to promote reasonable policies that preserve our domestic oil and gas supply and ensure that American oil and gas workers can continue to fill our nation's energy demand in the years ahead.
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