Issue 05 · Energy & Cost of Living

Cheap, Reliable,
American-Made Energy

America produces more oil than any nation in history. Yet families are paying more every year to heat their homes and fill their tanks, the grid is straining, and the minerals that power modern technology are refined almost entirely in China. Energy is the price behind every other price.

0
Barrels of crude per day in 2023, the most any country has ever produced
EIA [1]
1952
The last year America was a net energy exporter, until it happened again in 2019
EIA [2]
0
Rise in the average residential electricity price, 2019 to 2024 (approx.)
EIA [3]
0
Average time to complete a federal environmental impact statement
CEQ, 2020 [6]
The Paradox

Energy Rich, but Paying More

The shale revolution turned America into the world's largest producer of oil and natural gas and, since 2023, the world's largest exporter of liquefied natural gas. That was built by American workers in Texas, North Dakota, Pennsylvania and New Mexico, and it gave the U.S. leverage no army could buy.

But production records haven't translated into lower bills at home. Electricity prices have climbed sharply since 2019. Gasoline topped a $5 national average in June 2022 and averaged nearly $4 for the year. Permitting delays keep new pipelines, power plants and transmission lines tied up for years, while demand from data centers and new factories is rising fast.

An America First energy policy measures success by one thing: what American families and factories pay.

Average U.S. Regular Gasoline Price ($/gallon)

Annual averages, all formulations, rounded. Source: EIA, Gasoline and Diesel Fuel Update [4]. Late-2025 and 2026 prices not shown.

"Let us set as our national goal… that by the end of this decade we will have developed the potential to meet our own energy needs without depending on any foreign energy sources."Richard Nixon · Address to the Nation on Energy, Nov. 7, 1973
Interactive

What Energy Costs Your Household

Move the sliders to match your household and compare what you'd pay at 2019 prices versus 2024 prices.

Average Residential Electricity Price (¢/kWh)

National annual averages, approximate. Your state's rate may be much higher or lower. Source: EIA [3].

The average U.S. home uses roughly 850–900 kWh a month (EIA).

Extra cost per year at 2024 prices vs. 2019
$—

    Uses national average prices: electricity 13.0¢ (2019) vs 16.5¢ (2024) per kWh, regular gasoline $2.60 vs $3.30 per gallon. Illustrative only.

    Critical Minerals

    The Supply Chain China Owns

    Rare earths, lithium, graphite and other critical minerals go into everything from F-35s and missiles to phones, motors and batteries. The International Energy Agency estimates China handles roughly 90% of rare-earth refining and the majority of global lithium and graphite processing [8].

    America has the deposits. What we've lost is the mines, refineries and permits to use them. Beijing has already restricted exports of several critical minerals in response to U.S. trade policy, a preview of what dependence costs in a crisis.

    "Not only the wealth, but the independence and security of a Country, appear to be materially connected with the prosperity of manufactures."Alexander Hamilton · 1791

    Strategic Petroleum Reserve

    The SPR exists for true supply emergencies. In 2022, the federal government sold 180 million barrels to bring down gasoline prices. By mid-2023, the reserve had fallen to about 347 million barrels, its lowest level since 1983 [9].

    Approximate inventory in millions of barrels. Source: U.S. Department of Energy [9].

    Myth vs. Fact

    Tap a Card to Flip It

    Myth

    "The president sets the price of gas."

    Tap to see the facts ↻
    Fact

    Gas prices mostly follow global crude prices, which no single president controls. Policy matters at the margin: permitting, leasing, refinery capacity and regulations shape supply over years, not weeks. Be skeptical of anyone of either party who takes full credit or assigns full blame.

    Myth

    "Energy independence means we never import oil."

    Tap to see the facts ↻
    Fact

    Many U.S. refineries are built to process heavier crude than our shale produces, so America still imports millions of barrels a day while exporting light crude. "Independence" means being a net exporter that can't be held hostage, and America has been one since 2019.

    Myth

    "America First energy means opposing every new technology."

    Tap to see the facts ↻
    Fact

    America First means all of the above, judged on cost, reliability and who makes it. Gas, oil, nuclear, hydro, geothermal and solar all have a role. What we oppose is mandates that raise bills, and subsidies for equipment made in China.

    Clips & Primary Sources

    An Old American Goal

    The America First Plan

    Eight Steps to Energy Dominance

    1. Permitting reform with hard deadlines

      Cap federal environmental reviews at two years and limit endless litigation, for pipelines, power plants and transmission alike.

    2. Build nuclear again

      Modernize the Nuclear Regulatory Commission's licensing for advanced and small modular reactors, and build a domestic nuclear fuel supply chain.

    3. Fix the grid and the queue

      Speed up interconnection and build long-distance transmission so new power can actually reach homes and factories.

    4. Big Tech pays its own way

      Data centers should cover the full cost of the power and grid upgrades they require, not pass them on to household ratepayers.

    5. Mine and refine it here

      Fast-track domestic critical-mineral mines and processing, and stockpile key minerals for defense.

    6. Refill the reserve

      Rebuild the Strategic Petroleum Reserve when prices are low, and reserve it for real emergencies.

    7. Energy as leverage

      Expand LNG exports to allies so they buy from America, not from adversaries.

    8. No subsidies for Chinese-made equipment

      Taxpayer incentives should go only to energy equipment built by American workers or trusted allies.

    Sources

    1. U.S. Energy Information Administration, Today in Energy: record U.S. crude oil production in 2023 (March 2024).
    2. U.S. Energy Information Administration, U.S. Energy Facts Explained: Imports and Exports; Today in Energy: net exporter for the first time since 1952.
    3. U.S. Energy Information Administration, Electricity Data, average residential retail price, annual. Figures rounded.
    4. U.S. Energy Information Administration, Gasoline and Diesel Fuel Update. Annual averages, rounded.
    5. Lawrence Berkeley National Laboratory, 2024 United States Data Center Energy Usage Report and Queued Up: 2024 Edition. emp.lbl.gov
    6. Council on Environmental Quality, Environmental Impact Statement Timelines (2010–2018), June 2020.
    7. U.S. Energy Information Administration, electricity generation by source; Georgia Power / Southern Company reporting on Vogtle Units 3 & 4.
    8. International Energy Agency, Global Critical Minerals Outlook 2024. iea.org
    9. U.S. Department of Energy, Strategic Petroleum Reserve. Inventory figures approximate.
    10. Richard Nixon, Address to the Nation About Policies To Deal With the Energy Shortages, Nov. 7, 1973 (American Presidency Project).