The United States is more energy-dominant than ever before. We lead the world in oil and gas production, producing more than at any other time in history. Yet the crisis in the Strait of Hormuz proves that energy dominance doesn’t protect us entirely from global shocks. The ultimate energy dominance is energy sovereignty, which requires both resource and supply-chain dominance. Currently, the U.S. is energy-resource-rich but supply-chain-poor. The country remains vulnerable because our adversaries control the materials and processing capacity necessary to power our economy. The best way to build upon U.S. energy dominance and achieve true energy security is to reshore and friend-shore all aspects of our energy system while developing new, domestic forms of production.The good news is that the Trump administration is taking the right steps. Through sound investments, international cooperation, and partnerships with private sector innovators, the administration is establishing not just energy dominance but American energy sovereignty.
IRAN WAR REALITY CHECK: GLOBAL MARKETS STILL DICTATE AMERICAN ENERGY PRICES
A primary focus is critical minerals. They are embedded across our economy — graphite for grid storage batteries, gallium for electronics, manganese for steel pipelines, and more. The U.S. does not produce most of these minerals. China does. America is 100% import-dependent on 12 critical minerals and at least 50% dependent on even more, according to the U.S. Geological Survey.
