3.10.2014

U.S. oil and natural gas

Relaxing restrictions on U.S. exports of oil and natural gas | Econbrowser:

I like the idea of keeping our energy reserves here, even left in the ground if necessary. Why extract and sell them off?  Having a big pot of oil or natural gas around is like a big strategic, savings account.Why empty it just so a few already rich, energy overlords can increase their bank accounts. In a few years we'll be back to complaining that we have to import too much energy.

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