economy
Global energy security hangs in balance. Here's how America can restore it
The world is currently entering a volatile new era of energy insecurity. As Russia continues to weaponize its energy resources against its neighbors and conflicts in the Middle East threaten vital shipping routes, nations across Europe and Asia are searching for stable, reliable suppliers. In this environment, the United States has the opportunity to be the guarantor of global energy security, the most reliable energy partner — provided it can overcome its own domestic bureaucratic hurdles.
TL;DR
- The U.S. can become a global energy security guarantor by leveraging its abundant natural gas and other resources.
- Bureaucratic dysfunction in the U.S. permitting system delays critical energy infrastructure projects for decades.
- These delays prevent U.S. energy from reaching domestic consumers and allies, undermining reliability and increasing costs.
- Investor confidence is shaken by the risk of project authorization being revoked even after completion.
- Reforming the permitting process and restoring predictability are essential for U.S. global energy leadership.