The House Energy and Commerce Committee Chairman formally introduced the ‘North American Energy Infrastructure Act’ last week, with a hearing to examine the legislation set to take place today. The proposed act will create a regulatory process around the construction of cross-border oil and gas pipelines and electric transmission lines. The bipartisan legislation looks to enhance North America’s ability to transport growing energy supplies. For more information, see below:
A summary and link to the bill can be seen here:
Will this help keep long-term natural gas prices low in North America? Could this have an impact on the US’s stated goal of energy independence? What do you think?