Treating Energy As A Trade Commodity

The Economic and Geopolitical Benefits of Free Trade in Energy Resources, with Nicholas Loris, Luke Coffey, James Phillips, Dean Cheng, Ana Quintana, Lisa Curtis, and William Wilson, Heritage Foundation Backgrounder #3072, October 9, 2015. "America has an abundance of natural resources, including sufficient energy reserves to provide Americans with affordable and reliable energy well into the future. With its plentiful reserves of coal, natural gas, and oil, the United States is already a global leader in energy production and has the potential to be a major supplier to the rest of the world. As is the case for many other countries around the world, the United States benefits from free trade because of private property rights. Individuals, in large part, have owned and had the ability to produce America’s natural resources—which is a primary reason why the U.S. is a global energy leader. Individuals extract and sell the energy sources, and the market—not Washington, D.C.—should determine where it goes. Allowing U.S. energy exports would provide a huge boon to the American economy, creating jobs, expanding the economy, and strengthening relationships with global trading partners and important allies."