As we move through June, the U.S. political scene remains volatile. Rampant inflation and energy prices, among a continued global supply chain crunch and burgeoning conflict in Eastern Europe, have continued to depress the Administration’s approval ratings, increasingly spelling doom for the incumbent party come November.
On the legislative front, the industry has been laser-focused on the outcome of bipartisan Senate energy negotiations, and the oft-rumored revival of a slimmed-down reconciliation package that would include a methane fee, tax changes, and a litany of other provisions. Much depends on what Senator Joe Manchin, and to a lesser extent, the ‘western Moderates’: Sinema, Tester, Hickenlooper, want to see in a final package.
IADC is expecting more clarity on this front as we move into July, where several Congressional deadlines will begin to force hands and move items forward. Of top priority for the Association’s Government Industry Affairs team heading into July is working with legislators to address profound issues within proposed changes to longstanding offshore crewing and manning policies at the U.S. Coast Guard.