Developing robust energy infrastructure is necessary to help the global poor escape their economic plight. Affordable, dependable power is a necessity for lifting Africans out of poverty. Increasing economic vitality, in turn, will allow countries to develop the necessary infrastructure and innovations to improve well-being and reduce climate risk.
Through reforms that empower the market to drive energy investment and innovation, energy companies will deliver affordable, reliable power to consumers while continuing to lead the world in emissions reductions.
As Biden scrambles to keep energy from rising, some have suggested that his administration consider banning crude oil exports. Doing so would be misguided and impose more economic harm on American families by curtailing supply and driving prices at the pump higher.