Manipulating markets: energy

IBT describes Canada’s Oil Bonanza and how U.S. policies are making such foreign resources ever more valuable.

The U.S. has taken more than 31 billion barrels of oil, 154 trillion cubic feet of natural gas and 11 billion tons of coal off the market intentionally through laws that make it difficult, if not impossible, to prospect and produce energy on federal lands. Years from now, people will scratch their heads in wonder at such foolishness.

If people are scratching their heads over this in years to come, they will have plenty of other things to scratch about as well. So perhaps there should be a warning about bald heads to come?

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