The United States is at an energy policy crossroads. Much of our energy economy today is governed by laws and regulations that are many decades old and not suited to America’s new-found energy abundance. While fiscal policy tends to be relatively nimble when compared to other aspects of energy policy, it also frequently fails to keep pace with market developments and outlives its usefulness, necessitating frequent review. This is especially true given how rapidly and drastically our energy landscape has changed in the last decade, and how much change is expected in the future. I applaud the committee for holding this hearing and contemplating today’s energy tax policy and looking ahead to what it should look like in the future.