DOE Accomplishments Pushing American Economy to New Heights
The energy sector accounts for eight percent of our national economy. But as I often remind people, energy is the first eight percent. Energy forms the foundation for every other sector of the economy. We cannot support the robust, growing economy that marked the past several years – and that will pull us out of the hardship associated with the pandemic – without a dynamic energy sector.
It is for this very reason that the Trump Administration and the Department of Energy (DOE) made energy production, reliability, and security a top priority.
Over the past four years, America became an energy production superpower. We are the global leader in oil and natural gas production, the clear world leader in nuclear energy production, and the number two producer of solar and wind energy, all while leading the world in carbon emissions reductions. The scale and diversity of our energy production means more choices, lowering costs for families and businesses, while providing peace of mind that the lights will stay on.
But world leading energy production also opens opportunities beyond our shores.
Under this Administration, DOE has made significant progress in energy trade. Due to our abundant natural gas resources, we are now among the top three exporters of liquefied natural gas (LNG) in the world, with exports quadrupling since 2017.
We now export American LNG to 38 countries on five continents. U.S. LNG exports support tens of thousands of U.S. jobs and significantly reduce our trade deficit – and we want to do more.
This year we approved authorizations for two new LNG export terminals on the West Coast, one in Oregon and one in Alaska. The Department also announced a new policy allowing companies to extend the terms of their export authorization through the year 2050, thus sending a strong signal that American energy exports will continue to flow around the globe for years to come.
Nuclear energy is another bright spot of international collaboration. The Department completed agreements to cooperate on civil nuclear power with Romania and Poland, and we continue discussions with India on nuclear energy research and development, all while initiating the implementation of a new cost-shared program to demonstrate the next generation of reactors domestically.
The energy trade provisions of the United States-Mexico-Canada (USMCA) trade agreement negotiated by President Trump, will ensure our two largest energy trade partners continue receiving American energy exports, supporting the industry’s workers in the process.
Reaping the benefits of our abundant energy production requires safe and efficient transmission networks to reach customers here at home and abroad. That’s why DOE supported the Administration’s prioritization of regulatory reform to support private investment in energy infrastructure development. In fact, this Administration cut 8.5 regulations for everyone it established, paving the way for expanded energy production, infrastructure development, and job growth. To further support the effort, President Trump issued multiple Executive Orders that support expanding energy infrastructure, such as by streamlining federal processes for projects like natural gas pipelines.
Of course, all the energy infrastructure in the world is useless if it is not secure. And so, the Department took major strides toward securing our critical energy infrastructure and supply chains.
Foundational to this effort was the establishment in 2018 of a new office within DOE, the Office of Cybersecurity, Energy Security and Emergency Response or CESER. CESER’s primary mission is to discover and mitigate vulnerabilities and cyber threats, and to orchestrate response and recovery operations to protect our Nation’s energy system.
DOE also took a leading role in implementing the President’s Executive Order aimed at protecting the Nation’s Bulk Power System (BPS). The BPS is the backbone of our electric grid, and because of its importance to our energy and national security, we are working with industry to ensure that BPS equipment and components are not supplied by countries or individuals deemed a foreign adversary by our national security experts.
By pursuing a true “all-of-the-above” American energy strategy that leverages all sources and all technologies, the Department of Energy under this Administration made energy production, reliability, and security a top priority. The accomplishments achieved in pursuit of this policy pushed our economy to new heights and will help drive our post-pandemic economic comeback.
Dan Brouillette is the U.S. Secretary of Energy.