February 17, 2014
A few years ago, President Obama announced what he called an “all-of-the-above” energy strategy. In this year’s State of the Union address, he proclaimed it was working.
But the energy sector’s success comes in spite of the administration’s policies, not because of them, Heritage Foundation expert Nicolas Loris argues:
[T]he recent surge of energy production in the United States is not the result of any government-driven strategy or plan. The private sector and market forces have generated vast amounts of new energy supplies, created millions of new jobs, and lowered energy bills for American families.
The right policy would limit government intervention in the energy sector and allow more growth. The EXPAND Act, recently introduced by Rep. Jeff Duncan (R-SC), would eliminate barriers that stand in the way of a real all-of-the-above energy strategy.
The bill would open up more land to responsible development, eliminate preferential treatment in the tax code, streamline regulations, approve the Keystone XL pipeline, and repeal the ethanol mandate and poorly crafted carbon regulations.
How do you think America should meet its energy needs?