Energy Protectionism Is Not Good Policy

Energy Protectionism Is Not Good Policy

from Antiwar.com Original by Ivan Eland

U.S. policymakers and pundits continue to treat energy as a “strategic” commodity, which is just a way of justifying inefficient government meddling in the industry sector. Before the 1973 Middle East oil crisis, the federal government tried to keep oil prices high to subsidize the oil industry.