Energy Protectionism Is Not Good Policy
U.S. policymakers and pundits continue to treat energy as a “strategic” commodity, which is just a way of justifying inefficient government meddling in the industry sector. Before the 1973 Middle East oil crisis, the federal government tried to keep oil prices high to subsidize the oil industry. Ever since the Arabs wrested control of their … Continue reading “Energy Protectionism Is Not Good Policy”