Posted August 11, 2014
We’d Have an Energy Boom … If the Government Got Out of the Way
The Daily Signal: There’s been something of an energy boom taking place in the U.S. over the past few years, and it’s given the American economy a real boost. Now we just need the federal government to get out of the way and open opportunities to freely trade energy, and those benefits will grow substantially.
U.S. coal exports over the past six years are way up, in large part because of the administration’s effort to limit consumption domestically. Domestic production of oil and natural gas is rising fast as well, with producers seeking to export their products to foreign markets.
Expanded exports could provide a huge boon to the American economy, providing jobs and increasing economic growth broadly. Providing other countries with cheaper energy helps in two ways. It lowers the prices of products that the U.S. imports because the businesses could make the products more cheaply. And it promotes economic development in those countries, enabling them to import more American goods.
Read more: http://dailysign.al/1oYaXPL
More industry news:
Study Finds Fracking Could Revive Manufacturing: http://washex.am/1A8nFiP
Ohio and Pennsylvania Dominate U.S. Natural Gas Production: http://bit.ly/Xd2ePV
Students Learn the Trade at Utica Shale Academy: http://bit.ly/1svlnJz
Female Trucker Proved Herself as a Driver in the Bakken: http://bit.ly/1kwT3np
Looking for Water in the Oil Field: http://bit.ly/1A8nZxW
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.