We Need a 21st Century Energy Policy

The newly sworn-in Energy Secretary has taken a go-slow posture on natural gas exports. This, after the U.S. has just blown past Russia to become the world’s largest producer. And America will shortly occupy the number one position in oil production as well. This nation is poised to become a major hydrocarbon exporter to an energy-hungry world.

But not everyone is eager to embrace the opportunity for America. There are even concerns, raised on the pages of the New York Times and Foreign Affairs, that the new U.S. position on the world energy stage has major downsides. Notably, we’re told that this radical change could destabilize many of the world’s fragile hydrocarbon exporters, from Russia to Nigeria and from Venezuela to the Middle East.

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