“Externalities Disfigure Price”
Annie Xie Bennion, an environmental science major at Brigham Young University, also weighed in – albeit on the other side of the debate. Another Policy Interns cohort, Annie shared her thoughts about a June event hosted by Bipartisan Policy Center with a focus on the geopolitical impacts of the US tight oil boom.
In her post Geopolitical Impacts and Pokemon: Looking for a Bipartisan Voice Amidst an Oil Boom, Annie criticizes what she considers an oversight on the part of the event coordinators and panel participants alike: “Rather than the balanced affair typically advertised by the Bipartisan Policy Center, this event seemed to highlight the impacts and implications of American crude while taking increased development as a given… Panelists constantly called for the government to step aside from regulations and ‘let the market find the sweet spot’ of production. However, none mentioned externalities or subsidies that disfigure the prices that markets and consumers face.”
