Cruz Addresses Houston Petroleum Club
U.S. Sen. Ted Cruz (R-Texas) today addressed members and guests at the Houston Petroleum Club. He spoke about the importance of energy production to the Texas economy, and energy independence for the United States.
In his remarks, Sen. Cruz said:
“I'm gonna make a crazy prediction: we haven't seen our last boom and bust in the energy world. And it's not for the faint of heart. But energy is also something broader. The energy and innovations in energy have driven prosperity throughout the history of mankind.”
Sen. Cruz has been the preeminent fighter in the U.S. Senate to restore American energy independence:
- In the past year Sen. Cruz successfully negotiated the approval of four major LNG export permits, helping Texas and American companies sell American energy overseas.
- He introduced the Natural Gas Export Expansion Act to expedite the federal approval process for exporting liquefied natural gas (LNG), fortifying our nation’s energy security and strengthening strategic and economic relations with our allies.
- Sen. Cruz has worked to secure federal approval for new liquefied natural gas export projects in Texas, which will bring billions of dollars in investments to the state and create tens of thousands of good-paying jobs in Texas.
- He introduced the Energy Freedom Act, in order to make America energy independent again by accelerating federal permitting for energy projects, mandating new oil and gas lease sales, streamlining LNG export licenses, and accelerating solar, wind, and geothermal development.
- In 2022, Sen. Cruz co-authored two major proposals to increase energy development and production in the United States.
- In 2020, led the fight to protect America and Texas’s energy producers from Russia and Saudi Arabia who were exploiting the pandemic to flood the global oil market.
- In 2020, fought to protect access to capital and against political discrimination targeting small and medium-sized energy producers, ensuring legal, creditworthy oil & gas institutions would have access to the CARES program via a series of letters.
- In 2017, Sen. Cruz worked with President Trump to make sure the United States withdrew from the Paris Climate Agreement.
- Sen. Cruz continues to lead the fight against burdensome federal government regulations and EPA overreach.