Odd Lots Jennifer Granholm on What Will Survive of Biden's Energy Legacy
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Dec 26, 2024 Jennifer Granholm, former governor of Michigan and U.S. Secretary of Energy, discusses key achievements of the Biden administration in energy policy, emphasizing the Inflation Reduction Act's role in promoting clean energy. She reflects on the U.S. oil boom, strategic use of the Strategic Petroleum Reserve, and the importance of bipartisan support for domestic clean energy manufacturing. Granholm also addresses the future of these initiatives amid potential political shifts and the urgent need for advancements in energy infrastructure and technologies.
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Energy Dominance
- The Biden administration oversaw a boom in domestic oil and gas production.
- This increase in energy dominance helped stabilize markets and lower gas prices.
DOE Transformation
- The Department of Energy (DOE) has traditionally focused on research and development.
- It has now expanded to include deployment and reshoring of manufacturing, driven by the Inflation Reduction Act.
Ensuring Durability of Clean Energy Investments
- Secure funding and sign contracts to solidify clean energy investments.
- Leverage bipartisan support for reshoring manufacturing and appeal to the private sector's interest in these projects.
