The American Petroleum Institute (API) Unveils Five-Point Plan for Energy Leadership. To bolster US energy dominance and combat inflation, the API has outlined a comprehensive strategy:
1. Empower Consumer Choice: Repeal EPA's tailpipe rules and CAFE standards to expand consumer options and reduce foreign dependence.
2. Reassert Geopolitical Influence: Lift DOE's LNG permitting pause, expediting export approvals to revitalize America's competitive edge and stimulate job growth.
3. Optimize Natural Resource Utilization: Reform federal energy leasing to reflect production benefits, including Land and Water Conservation Fund contributions.
4. Streamline Permitting: Implement comprehensive reform ensuring transparency, predictability, and durability, unlocking billions in investment and tens of thousands of jobs.
5. Foster Competitive Tax Policy: Align US tax policies with global standards to attract investment, supporting 11 million jobs and billions in domestic investment.
American Petroleum Institute. (2024). API's Five-Point Plan for American Energy Leadership.