Heritage Foundation expert Nicolas Loris explains how opening energy markets “would create more opportunities for Americans, promote economic prosperity at home and abroad, and improve political situations around the world.”
Expanding market opportunities for energy exports will not just benefit energy companies. By opening the door to establishing more efficient global oil markets, all Americans will reap the benefits of lower prices, more jobs, and a stronger economy. Freely trading energy will not only increase prosperity around the world, but also bolster U.S. national security by diversifying supplies in the global market.
He suggests three policy solutions:
- Lift natural gas export barriers.
- Remove the crude oil export ban.
- Prevent threats to coal exports
Read the Backgrounder and tell us: Do you think a free-market energy policy will benefit the United States economy?