U.S. Oil and Gas Association President Tim Stewart provides expert analysis of the energy crisis as gas prices continue to drop for 38 consecutive days.
U.S. Oil and Gas Association President Tim Stewart provides insight on the oil and gas industry, saying they have done well on dealing with post pandemic demand.Friday, U.S. Oil and Gas Association President Tim Stewart argued gas prices are dropping because demand is slipping over "inflationary prices" caused by the Biden administration's energy policies. The reality is the president doesn't have an awful lot of credit cards to swipe anymore.
He's got to turn to. And that means he's got to work a little more closely with us. But also he's got to take a hard look at what's the production and the activity on the federal lands that onshore and offshore is. That's still a 15% to 20% of the overall portfolio? So all the pride that producers on the private lands have really risen to the occasion. It would be really nice if we could get the federal component of that portfolio up to where it could be.
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