The U.S. energy sector finds itself in a precarious position. Increasing geopolitical volatility and strong energy demand forecasts could spell trouble domestically in the future. The U.S. needs to stop hamstringing American energy companies and invest in the nation’s infrastructure, such as pipelines, processing, and production.
If we have learned anything in the last two and a half years, it’s that the U.S.’ energy industry is not free from geopolitical chaos globally. Russia’s invasion of Ukraine, the Houthi’s attacks in Yemen backed by Iran and turmoil in the Middle East have very real repercussions for the average American. We may not be as intensely intertwined with those realities as our European allies, but energy is a global market with implications for domestic prices, supply, and demand. While different events can affect prices at home, there are steps the administration can take to protect our energy sector.
Read the full story