Today the Supreme Court went against 50 years of precedent in choosing to overturn Roe v. Wade. The rights under Roe that many women have relied on f… - Lisa Murkowski

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.

It was not the direction that I believed that the court would take, based on statements that have been made about Roe being settled, and being precedent.

U.S. crude oil production fell from an average high of 12.2 million barrels per day in 2019 to an average of 11.3 million in 2020. According to the Energy Information Administration, this loss in domestic production will return the United States to being a net petroleum importer in 2021 and 2022. By all accounts, a sizable chunk of this will come from Russia. What is going to happen is, we are going to move from this position where we have been in these past few years where we have had some real energy security here because we have been producing, and we have been producing to the point that we have been able to even supply to our friends and allies. But now, with policies that are taking us in a different direction and still knowing that we need the resource, we are turning to Russia.