America’s growing energy dominance is helping transform our economy and revitalize the forgotten parts of our nation. Through innovation and free-market principles, America’s oil and natural gas sector have moved us from an age of scarcity to a future of abundance. As a nation, we are
Warnings against protectionism often cite the Smoot-Hawley Act of 1930, which implemented tariffs on more than 20,000 imported goods to boost domestic production during the Great Depression. The legislation failed miserably – prices rose, consumption plummeted and production fell even
Talk between OPEC and Russian officials of unwinding their deal to cut output has cooled overheating oil prices, at least for the moment. International prices, which hit a high of $80 a barrel in May, are now more likely to head back to $50 a barrel rather than continue surging toward
As published in the Albuquerque Business Journal May 29, 2018. When the stampede for acreage in the Delaware Basin began in 2016, many across southern New Mexico had already given up on the state’s oil patch and left for jobs elsewhere. Despite a steady recovery, the previous two year
Natural gas flaring is a legitimate issue for North Dakotans, but a last-minute rule adopted by the Obama administration threatens to derail industry efforts to flaring and improve the efficiency of their operations in the Bakken. The oil and gas industry supports smart, targeted solu