Free market energy policies can end economic malaise
By David Rothbard and Craig Rucker
“We can’t have an energy strategy that traps us in the past,” President Obama proclaimed in March 2012. “We need an energy strategy for the future – an all-of-the-above strategy for the Twenty-First Century that develops every source of American-made energy.”
At first blush, this sounds like common sense. The US economy and lifestyle “depend on inexpensive and plentiful energy,” the Congressional Research Service noted in a 2005 report, but people tend to forget this until world events cause gasoline prices to spike. Then Washington reacts, CRS continued – passing the Energy Policy Acts of 1992, 2005 and 2007. However, the US still does not have a “comprehensive long-term energy policy” that balances increasing supply with conservation and defines the proper interplay between government and market forces. … Continue Reading

