It is not too late for the Biden Administration to encourage the Department of the Interior to put in place policies that encourage future oil exploration on federal lands. Similarly, the Administration can look into streamlining the currently burdensome permitting process that discourages investment and delays increasing supply. Actions such as these will go a long way towards reassuring stakeholders in the oil and gas industry that the Administration is serious about increasing domestic oil production both now and in the future.

You can read the full commentary in Real Clear Energy.

Share:

Nate Scherer is a Policy Analyst with the American Consumer Institute where he researches and writes about a diverse range of consumer issues. He previously served as a Policy Analyst at the Reason Foundation and has also worked for several other nonprofits including the Texas Public Policy Foundation and the Leadership Institute. More recently, he worked an educator for Fairfax County Public Schools and performed research for Georgetown University’s Edunomics Lab. He possesses a Master of Arts in Teaching in Secondary Education, Social Studies, and has a Bachelor of Arts in Politics. He currently resides in Falls Church, VA.