Today, the American Consumer Institute (ACI) released a new white paper proposing a suite of policy solutions to expand domestic energy production and drive down the high energy costs that burden American households. The U.S. has a natural environment that gives rise to diverse energy needs and is ill-suited to one-size-fits-all solutions. Cultivating a variety of options will prevent power interruptions, shortages and the spiraling prices that accompany them.
An enormous shortfall in domestic oil extraction under the Biden administration underlies the need for an “all of the above” energy policy that would increase energy production without prioritizing any one form. So does the looming threat of supply chain disruptions due to excessive dependence on imports. Investing in domestic production keeps America safe from coercive supply chain manipulation by hostile foreign powers.
In its new white paper, ACI suggests that the federal government mandate that an oil and gas offshore leasing schedule always be in effect to lease a minimum amount of territory, along with an offshore leasing schedule for renewable energy. ACI also recommends a codification of more efficient deadlines for National Environmental Policy Act (NEPA) environmental impact reviews. Finally, ACI urges a reduction in the executive branch’s authority to singlehandedly remove federal land from disposition for decades on end. This combination of “all of the above” reforms would revive American energy production and empower consumers by offering them greater choice at lower prices.
The complete white paper is available here.
Questions about ACI’s latest white paper? Email [email protected] to set up a conversation with Oliver McPherson-Smith, director of energy, trade, and environmental policy at the American Consumer Institute.