HYDE-SMITH AGAIN HITS BIDEN ADMINISTRATION, DEMOCRATS FOR ROLE IN RISING ENERGY COSTS
Americans Will Pay More to Heat Their Homes this Holiday Season
VIDEO: Senator Hyde-Smith Participates in Pre-Holiday News Conference on Rising Home Heating Costs.
WASHINGTON, D.C. – U.S. Senator Cindy Hyde-Smith (R-Miss.) today said Democrats’ failure to heed the “basic fundamentals of the economy” underlie the reason American families will pay more to heat their homes and fill their cars this holiday season.
Hyde-Smith, who serves on the Senate Energy and Natural Resources Committee, participated in a pre-Thanksgiving holiday news conference Thursday to discuss the rise in winter heating bills and how current legislation would make matters worse.
“This is very simple. It’s the basic fundamentals of the economy,” Hyde-Smith said. “As Americans are bracing for these higher prices, the Democrats are doubling down on their efforts to shutdown American energy production.”
Gauging tightened fuel supplies, rising demand, and winter weather forecasts, the Energy Information Administration estimates homes heated by natural gas could see bills increase 29 percent from last year, with propane-heated homes spending 46 percent more.
Hyde-Smith said President Biden’s actions to cancel the Keystone XL oil pipeline and block new oil and gas leases on public lands and federal waters contributed to rising energy prices. The President’s multi-trillion dollar social and climate spending spree would also impose new fees on energy producers to raise costs and a new natural gas tax.
This week, Hyde-Smith also addressed rising energy prices at an Energy and Natural Resources Committee hearing. She also cosponsored the Supporting Made in America Renewable and Traditional (SMART) Energy Act (S.3214) to require the Biden administration to restart oil and gas leasing immediately, while also stepping up wind, solar, and geothermal energy development.