Reviving wind and solar credits is an unacceptable tradeoff for allowing oil exports
By Marita Noon ~
Congress has taken action that actually advances free markets and limits government intrusion. I was in the room when, on September 17, the House Energy and Commerce Committee—with bipartisan support—advanced legislation to lift the 1970s-era ban on crude-oil exports. HR 702, “To adapt to changing crude oil market conditions,” is expected to receive a full floor vote within a matter of weeks.
The export ban is a relic of a bygone era during which ideas like “peak oil” and “energy scarcity” were the conventional wisdom. Despite all those who cried “wolf,” the U.S. is now the world’s largest combined oil-and-gas producer.
Ending this obsolete ban would unleash America’s energy producers on the global market, increasing domestic production and creating jobs. Additionally, reports from experts at the non-partisan Energy Information Administration and Government…
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