Remove Government Barriers to American Energy Renaissance
If you want to argue it’s the private sector, not government, that creates jobs, look no further than the energy sector of the U.S. economy. Energy production on private and state-owned lands puts energy production on federal lands to shame. Sen. Ted Cruz (R-TX) 97% knows this. That’s why he introduced the American Energy Renaissance Act, which would allow the booming energy sector in America to “shine even brighter” by removing government barriers to success.
The Heritage Foundation’s Nick Loris explains:
If you’re having trouble locating the massive gains in energy supplies, job growth, and economic well-being, just look to our nation’s private and state-owned lands. States like North Dakota, Texas, Pennsylvania, Ohio, Arkansas, and others have thrived whereas, on land the federal government owns (half of the West and one-third of the entire U.S.), production has stagnated or decreased.
Cruz’s bill would, among other reforms, expedite the permitting process for shale oil and shale gas deposits production “by giving states the option to manage energy production on federal lands.”
The states have proven far more efficient than the federal government in terms carrying out the permitting process. “For example, North Dakota processes a permit in an average of 10 days; yet, due to a complicated and onerous process, the average processing time for a permit to drill on federal lands is almost a year,” Loris states.
In addition, Cruz’s bill would open access to domestic resources, streamline regulations to expand energy infrastructure, and increase the ability to diversify global energy markets. It would lift antiquated restrictions on exports as well. This would help countries like Ukraine by increasing competition and choice for them, rather than allowing Russia to hold them in a tight energy grip, Loris explains.
The bill also prohibits any federal agency to regulate greenhouse gas emissions. Yes, that’s a good thing:
If the EPA is successful in implementing climate change regulations, hundreds of thousands of jobs will be lost,inflicting significant damage on America’s manufacturing base, and squandering trillions of dollars in GDP. And if the EPA is successful with these regulations, the reduction in global temperature as a result of avoided CO2 emissions will be a few tenths of a degree Celsius.
As Sen. Cruz articulated at the Heritage Action Conservative Policy Summit last month, “barriers coming from Washington are making it harder and harder for people who are struggling to achieve the American Dream.” His bill would change that trajectory for the better, by removing these artificial, government created barriers to success.