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Limiting U.S. Crude Exports Would Be a Holiday Gift to Foreign Nations

Mike Sommers writes in RealClearEnergy about the importance of U.S. crude energy exports.

>>>Oil and Gas Industry Works to Reduce Methane Emissions<<<

The C3 Take
  • Bans that limit domestic natural gas and oil production are bad economic, environmental, and national security policy.
  • Reducing the strength of America’s energy industry raises costs on consumers and gives adversaries such as Russia a huge geopolitical advantage.
  • Durable climate solutions must result in reliable and affordable energy. In order to truly address global climate change, the Biden administration should reduce government-imposed barriers to allow American producers to thrive.

“According to independent experts, limits on the export of U.S. crude oil will not necessarily provide lower prices on energy and would act as a significant disruption in the American heartland and across the world. The answer to market volatility is a rebalancing that comes from increased U.S. supply – not proposals that restrict access to America’s energy resources and cancel important infrastructure projects. Simply put, open and competitive markets foster domestic production and benefit American consumers. Policymakers should reject any attempt to reinstate a significantly flawed export-ban policy.”

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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