Energy Independence is Key to our National Security
Current outlook:
American energy dominance is not only pro-American but pro-peace. Inexpensive American energy is a key pillar to geopolitical stability. But the Biden administration’s green climate agenda has destroyed it.
Currently, the U.S. operates seven large-scale liquefaction plants, concentrated along the Gulf coastlines of Texas and Louisiana. Strong demand for U.S. liquid natural gas (LNG) means these facilities are being run close to or above maximum capacity.
With limited export capacity globally, a failure in U.S. gas infrastructure can significantly impact global supply and prices. The 2022 Freeport LNG fire removed nearly 17 percent of U.S. LNG exports.
White House winding down U.S. energy
Canceling pipelines
- Canceling pipelines, in addition to imposing additional taxes and regulations on coal, oil, and natural gas, promising to end these three industries in just a few years, and stonewalling new leases for drilling are just some of the ways he has hamstrung one of America’s greatest strategic assets. For example, cancelling the Keystone XL pipeline and suspending drilling leases in the ANWR
Red tape
- Unnecessary and duplicative government reviews and nuisance lawsuits have pushed the average time for permitting to over four years for transmission, nearly four years for pipelines, and nearly three years for renewable energy generation projects. Notably, these numbers don’t include hundreds of abandoned projects and never built because costs and delays have become too burdensome for developers.
Bad deals
- Biden rejoined the Paris Climate Agreement tying the U.S. to hard metrics on reducing emissions—even though the U.S. is the global leader in reducing emissions.
- The climate deal does not limit China’s emissions—China is currently the global leader in emissions, accounting for nearly a third of global emissions—but rather allows the Chinese Communist Party (CCP) to continue increasing their emissions until 2030. For every ton of carbon dioxide reduced by the United States, for example, China has increased its emissions by over 4 tons
- Biden pledged to cut U.S. emissions by at least 50 percent of 2005 levels by 2030—and achieve net-zero emissions by 2050