Oil and Energy Security: Another Fallen "Market Failure"
The key elements of such a framework are economic liberty, respect for property, and fair and sensible rules of the market that are enforced equally for all
By Institute for Energy Research —— Bio and Archives--February 8, 2018
Global Warming-Energy-Environment | Comments | Back To Full Article
“Rising Oil Prices Give U.S. An Edge in Global Energy,” a front-page headline in the New York Times read last week. And with that, another “market failure” argument against the consumer-driven U.S. petroleum industry bit the dust, joining the "peak oil" argument for government intervention in order to usher in a post-hydrocarbon age.
Actually, the “peak oil” and “energy security” arguments are different sides of the same coin. The doubling of domestic oil production in the last decade to ten million barrels per day has resulted in a two-thirds-plus decline in US net oil imports (to 19 percent).Welcome to CFP’s Comment Section!
The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
Big Tech and Big Media are gunning for the Conservative Voice—through their Comment Sections.
Canada Free Press wishes to stay in the fight, and we want our fans, followers, commenters there with us.
We ask only that commenters keep it civil, keep it clean.
Thank You for your patience and for staying aboard the CFP ‘Mother Ship’.
READ OUR Commenting Policy