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How the U.S. Turned the Tables on OPEC

Paul Dabbar writes in The Wall Street Journal about the importance of domestic energy production.

The C3 Take
  • In the early 2000s the United States was the largest importer of energy, and was largely beholden to OPEC.
  • In 2019, the United States become a net exporter of energy because of domestic production, spurred by an “all of the above” energy strategy.
  • As we look to lower energy costs for consumers in the United States, policymakers should reduce regulations and adopt pro-growth policies to allow for domestic energy production and innovation to flourish.

“That moment of peak energy dominance was the culmination of many factors: American innovation, an all-the-above, pro-supply set of policies, markets willing to invest and strong, knowledgeable energy diplomacy. As we confront the challenges in energy markets today, we’d do well to remember the ingredients that made us so successful not so long ago.”

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.

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