Akash Chougule writes in RealClearEnergy that America must reduce barriers to increase energy security.
- As inflation and energy prices continue to rise, policymakers would do well to reduce regulations to allow domestic energy production to flourish.
- One such regulation that is in need of reform is the National Environmental Policy Act (NEPA).
- While well-intentioned, NEPA’s antiquated permitting system and inefficient litigation process delays project completion times by an average of five years.
- Congress should also repeal the Jones Act, a protectionist policy from the 1920’s that significantly increases transportation costs for energy and other goods.
Read the full article here.