Sam Buchan writes in RealClearPolicy on ways to reduce energy prices.
- The rise in energy prices has led to some policymakers calling for the U.S. to stop exporting American fossil fuels.
- Limiting American fuel supply to the global market is a patchwork fix that will do little to reduce energy prices.
- While there isn’t much that can be done in the short term to alleviate high prices for consumers, policymakers should implement long term solutions to prevent a future energy crisis.
- Long term solutions include approving key infrastructure such as pipelines and refineries and investing in next-generation energy technologies.
“The right course of action, and the necessary one, is for policymakers to develop policies that focus on long-term solutions, namely empowering the ability of the industry to respond to market signals by increasing domestic production and refining capacity, thereby bringing stability and relief to consumers.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
