2023 has been a record year for the U.S. energy industry as exports continue to rise and international dependence continues to fall on U.S. production. From natural gas to crude oil, the United States has exported more energy compared to years before, supplying our allies and developing nations with affordable and dependable energy. The U.S. has stepped up to the plate to guide the global energy landscape increasing efficiency and effectiveness and bridging the gap in countries with rampant energy poverty.
With our nation’s extensive reserves and conducive energy production, the United States is put in a unique position to supply the world with lower-emitting and affordable energy, specifically for developing nations. In a discussion on the future of energy, Grow America’s Infrastructure Now Spokesperson Craig Stevens joined Energy Transfer’s Co-CEOs Tom Long and Mackie McCrea and they stressed that a priority for the company and the industry as a whole is to help developing nations to utilize more evolved sources to improve their standards of living and reduce emissions. According to Long and McCrea, half the world still lives in energy poverty and uses resources that heavily affect the environment and individuals’ health – such as wood and biomass. By boosting production and fortifying international relationships, the United States can lift individuals out of energy poverty while on track to achieving climate goals.
Despite exponential industry growth and an increase in global partnerships, the Biden administration has been setting back the U.S. energy industry under the guise of a sustainable transition. The administration turns a blind eye to our nation’s role in the international energy space and helping lower emissions in developing nations, as well as provide carbon solutions here in the U.S. Specifically, American energy suppliers are one of the biggest investors in research and development for ‘green’ technologies. Energy Transfer, for example, already started to develop carbon capture and sequestration plans for its project in northern Louisiana in an effort to reduce its carbon footprint.
Holding the potential of American energy hostage has real consequences on an international scale. By opposing the development of new energy projects, the U.S. cannot continue supplying and growing its partnerships with developing nations, who play a key role in battling the climate crisis.