Bingaman's Reaction to EIA's Dramatic Budget Cut
April 29, 2011
11:30 AM
Bingaman’s Reaction to Dramatic Budget Cuts at the EIA
“Deep programmatic cuts have been announced at the Energy Information Administration, as a result of the overall agreement to fund the government for the remainder of fiscal year 2011. EIA is just one of the many casualties of that budget agreement. The Energy Information Administration is one of the few neutral and credible sources of information on oil and gas prices. And right now, Americans need that sort of objective information more than ever.
“How does it benefit us to force the EIA to stop collecting information on oil and gasoline proven reserves and prices; to curtail its analyses of the linkages between financial and physical energy markets; or to end its review and analysis of international energy trends? These cuts just make it that much more difficult to chart a national energy policy that addresses real challenges.
“As we approach the next round of budget negotiations for the fiscal year 2012 budget, Congress will need to do a better job of protecting the federal programs, like the Energy Information Administration, that are crucial to our understanding what is actually going on with energy supplies, energy demand, and energy markets.”
For more information on the impact of EIA’s budget cuts, please see: http://www.eia.gov/pressroom/releases/press362.cfm
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