"We have seen limits on business and travel and social activities, and we think about those limitations, the far-reaching consequences they have on our Nation's energy producers, whether it is those who produce oil and gas, coal, renewables, advanced technology such as nuclear power, and all those who help us produce our energy and use our energy more efficiently, all aspects have been impacted. At the hearing, we had some pretty good testimony that our witnesses were able to explain and quantify some of those impacts. We heard that U.S. oil production has declined by almost 2 million barrels per day. Spot prices for liquefied natural gas have effectively collapsed, creating challenges for export projects. Domestic electricity consumption is projected to decline by 5.7 percent this year, largely due to the closure of businesses and, of course, the shelter-in-place orders."
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Lawyers from the United StatesMembers of the United States SenateCatholics from the United StatesWomen in lawPoliticians from Alaska
Original Language: English
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Lisa Murkowski
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