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Research Report

Increasing Prosperity, Resource Stewardship, and National Security: AN ENERGY POLICY STRATEGY FOR THE NEXT PRESIDENT

David Goldwyn
Robert McNally
Elizabeth Rosenberg
Copyright Date: Oct. 1, 2016
Pages: 32

Table of Contents

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  1. (pp. None)
  2. (pp. 1-1)
  3. (pp. 4-5)
  4. (pp. 5-5)

    The top priorities of the next president – namely, assuring economic growth and prosperity, protecting our national security, strengthening our global alliances, and combating terrorism – will require policies that promote energy security at home and abroad. While some energy and environmental issues have been highly polarized in recent years, there have also been important areas of agreement. Looking forward, there is an important set of additional policies on which both parties can agree that will strengthen the robustness and resilience of the U.S. energy system. The need for such policies is acute, given the preponderance of geopolitical risk capable...

  5. (pp. 6-8)

    The U.S. energy system is undergoing major transformations that have brought the nation unprecedented abundance and diversification of energy supply, but also presented new challenges to the power grid, energy transportation, and energy security. The next president will be well served to understand these new realities in order to forge a bipartisan agenda on urgent issues that can win support, and to constructively navigate divisive issues. This paper assesses eight fundamental realities of the energy system on which policy and thought leaders from both sides of the aisle can agree.

    These energy realities reflect the fundamental role the energy system...

  6. (pp. 8-20)

    A priority task for the next president will be addressing risks to the international energy system that impact national economic and security interests. A major supply disruption can still shock the U.S. and global economies, make U.S. partners vulnerable to coercion, and test U.S. systems of strategic and emergency response. No president has the luxury of complacency on this score. A stable Middle East and secure supply lines between the region and consuming countries, especially in the Asia- Pacific, will remain a vital national security interest of the United States. Security planners face choices in how to prioritize the safe...

  7. (pp. 21-23)

    While the primary direction of U.S. energy and climate policy will be decided at the ballot box, there is a discrete set of policies that navigate a broad center. They include reasonable, depoliticized, bottom-up standards for oil and natural gas production, and technology-neutral, cost-effective ways to promote abundant, affordable energy supplies, including lower-carbon energy sources. At the heart of this policy approach is a robust, fiscally responsible RD&D strategy. Additionally, the United States needs a fundamental pathway that is both collaborative and reasonable to reduce methane emissions. Such new energy policies have many potential benefits, including enhancing safety and reducing...

  8. (pp. 24-24)

    The cost, reliability, and availability of energy remain critical to the U.S. economy and national security. While the country’s self-sufficiency has increased greatly in recent years with greater domestic supply of hydrocarbons and growing renewable energy resources, the nation faces new and continuing vulnerabilities that merit urgent attention. There are a core set of realties about the energy system that have earned bipartisan acceptance, and a small but important set of policies that should earn bipartisan support in new public policy. This paper outlines several such policy recommendations in the hope that whoever wins the 2016 presidential election can forge...

  9. (pp. 25-28)
  10. (pp. 29-30)