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.
“We need to stop thinking about energy policy as just an economic issue – it’s a national security issue. Trade of energy and other resources between nations is a good thing. But any nation that is overly reliant on bad actors overseas for essential goods is imprudently making itself vulnerable.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
