Thanks to the dramatic increase in domestic oil and natural gas production, the U.S. should pivot away from a goal of “energy independence” and instead flex its market power to reset the geopolitical status quo in energy. And, for the long-term future, finding alternatives to today’s necessary dependence on hydrocarbons requires abandoning failed research approaches. To advance these goals, Congress and the new Trump administration should:
- Radically Expand Energy Exports
- Restructure Federal Energy R&D
Mark P. Mills is a senior fellow at the Manhattan Institute and author of Expanding America's Petroleum Power: Geopolitics in the Third Oil Era. Follow him on Twitter here.