U.S. Energy Red Tape Gives China an Edge
Saudi Crude Exports Hit Five-Month High as Production Falls to Record Low What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… Congress needs to pass the bipartisan bill on permitting reform to accelerate energy infrastructure buildout so that the United States can compete economically and industrially with China, say former economic policy and national security officials who have served six U.S.
The Bipartisan American Affordability and Jobs Act of 2026 was introduced in the Senate at the end of September and is expected to be debated after the mid-term elections when Congress returns from the recess on November 9.
The bill would reinforce statutory deadlines for key reviews, overhaul environmental rules, and require data centers to pay for the new transmission built to serve them, among other proposals.
The permitting reform has been long supported by the American Petroleum Institute (API) and major energy companies, which argue that the bill provides greater investment certainty for energy infrastructure projects needed to maintain America’s economic and industrial leadership.
Opponents of the billsayit is anti-environmental permitting legislation and a “back-door deal” to drive a massive buildout of hyperscale AI data centers and the fossil fuel infrastructure to power them.” When Congress returns from recess, both the House and Senate could have dramatically changed numbers of Republican vs Democrat representatives.Related: Higher Oil Availability Pressures Middle East Crude Benchmarks But a group of former economic and national security advisers of six presidents, including Presidents Trump and Obama, say the U.S.
cannot afford to have energy infrastructure projects stalled for years, as it would lose the competition with China.
“While the United States retains enormous advantages in technology, capital markets, attracting the world’s talent, entrepreneurship, and natural resources, those advantages matter less if a company cannot build a factory quickly enough to reach market or if the infrastructure required to power it takes five, ten, or fifteen years to plan and complete,” the former officials wrote in aletterto Congress leaders on Tuesday.
“Our inability to build threatens our national security and economic growth, and procedural barriers stymie efforts to correct course,” wrote the officials, including President Trump’s former Secretary of State and CIA director Mike Pompeo, and President Biden’s former Treasury Secretary Janet Yellen.
energy and industrial buildout is hindered by permitting issues, China “has made energy infrastructure central to its industrial strategy,” the former U.S.
China, for example, has built more high-voltage transmission in the last 15 years than the U.S.
has built in all of its history, they wrote in the letter.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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