Oil & Gas Regulator Wayne Christian: Act Now to Curb Debt Growth and Protect U.S. Energy and Economic Security

AUSTIN – Texas oil and gas regulator Wayne Christian today warned of growing threats to America’s economic stability, citing record federal debt exceeding U.S. GDP, persistent inflation squeezing working families, and rising geopolitical tensions in key global energy corridors such as the Strait of Hormuz. He also noted efforts by Iran and other actors to shift oil transactions away from the U.S. dollar and toward the Chinese yuan, stating that these developments, combined with coordinated efforts by foreign adversaries to weaken American energy dominance, represent a direct challenge to U.S. financial strength and global influence.

“America is facing a financial threat unlike anything in modern history,” Christian said. “Our national debt is exploding, inflation continues to squeeze working families, and foreign adversaries are actively trying to undermine the U.S. dollar and weaken America’s economic power. As a former banker and financial professional, I can tell you the greatest danger we face is hyperinflation and the collapse of the dollar’s global dominance. Hostile regimes, namely China and Iran, are pushing to replace the dollar with the Chinese yuan in energy markets while also targeting American energy leadership, and radical activists continue attacking the very industry that keeps this country running.”

Christian also emphasized the central role of Texas energy in sustaining the global financial system tied to the U.S. dollar.

“Simply put, reliable energy security is both economic security and national security. The dollar remains the world’s strongest currency because global energy markets trade in U.S. dollar, and Texas sits at the center of that system as the nation’s leading producer and exporter of oil and natural gas,” he said. “If inflation spirals out of control and the petrodollar weakens, Americans will see their buying power collapse, our economy deteriorate, and global trade systems destabilize in ways that threaten the financial foundation of the United States.”

Christian added that geopolitical rivals understand the strategic importance of American and Texas energy dominance.

“Our foreign adversaries, China and Iran in particular, understand that weakening American energy, especially Texas energy, weakens America itself,” he said. “As a nation, we must fight tooth and nail to safeguard reliable energy and the petrodollar, aggressively curb the unchecked proliferation of national debt as a top priority to restore fiscal discipline, strengthen the U.S. dollar, expand critical infrastructure, and ensure the United States remains the world’s dominant energy superpower.”