Free translation by: Franyi Sarmiento, Ph.D., Inspenet, June 17, 2022
The American Petroleum Institute this week released a “10 in 2022 plan”: 10 policies lawmakers can pursue today to unlock American energy, fuel economic recovery and strengthen national security. As energy costs and geopolitical instability around the world continue to rise, API calls on policymakers to address the global mismatch between energy demand and available supply that has driven higher fuel prices by support increased production and infrastructure in the US
“The United States is blessed with abundant energy resources that are the envy of the world,” said API President and CEO Mike Sommers. “Given today’s global unrest and economic uncertainty, American energy is a long-term strategic asset that can further our national and economic security. “These ’10 in 2022′ policies are a framework for new energy leadership for our nation, unleashing investment in America and creating new access to energy while avoiding harmful government policies and duplicative regulations. It’s time to lead.”
In a letter to President Biden, Sommers highlighted the economic importance of America’s oil and natural gas resources, which support more than 11 million US jobs, invest billions in the US economy. and drive “our way of life”. He urged the administration to act immediately to implement the 10 policies that support energy investment, create new access, and prevent government policies from unnecessarily restricting energy growth.
Here are the 10 actions policymakers can take right now:
- Lift development restrictions on federal lands and waters.
- Designate critical energy infrastructure projects.
- Fix the NEPA permitting process.
- Expedite LNG exports and approve pending LNG applications.
- Unlock investment and access to capital.
- Dismantle supply chain bottlenecks.
- Advance low-carbon energy tax provisions.
- Protect competition in the use of refining technologies.
- End the obstruction of permits in natural gas projects.
- Advancing the energy workforce of the future.
“While members of his administration have recently discussed the need for additional supplies to resolve the energy crisis, his administration has restricted oil and natural gas development, canceled energy infrastructure projects, imposed regulatory uncertainty and proposed further increases. of taxes on US oil and gas producers that compete globally. Respectfully, the American people need a different direction to resolve this crisis,” Sommers continued in his letter to President Biden.
“API’s ’10 in 2022′ Plan outlined above offers this new direction,” Sommers emphasized. “The plan has the potential to usher in an era of collaboration between government and the private sector to meet our growing energy needs and provide a measure of relief for the American people. We request the opportunity to work with your administration to help maintain America’s essential leadership position in the world.”
This API portal material has been edited for clarity, style, and length.
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