Choosing Jobs, Energy Security, American Energy

Mary Schaper
Posted August 11, 2014

We’d Have an Energy Boom … If the Government Got Out of the Way

The Daily Signal: There’s been something of an energy boom taking place in the U.S. over the past few years, and it’s given the American economy a real boost. Now we just need the federal government to get out of the way and open opportunities to freely trade energy, and those benefits will grow substantially.

U.S. coal exports over the past six years are way up, in large part because of the administration’s effort to limit consumption domestically. Domestic production of oil and natural gas is rising fast as well, with producers seeking to export their products to foreign markets.

Expanded exports could provide a huge boon to the American economy, providing jobs and increasing economic growth broadly. Providing other countries with cheaper energy helps in two ways. It lowers the prices of products that the U.S. imports because the businesses could make the products more cheaply. And it promotes economic development in those countries, enabling them to import more American goods.

Read more: http://dailysign.al/1oYaXPL

More industry news:

• Study Finds Fracking Could Revive Manufacturing: http://washex.am/1A8nFiP

• Ohio and Pennsylvania Dominate U.S. Natural Gas Production: http://bit.ly/Xd2ePV

• Students Learn the Trade at Utica Shale Academy: http://bit.ly/1svlnJz

• Female Trucker Proved Herself as a Driver in the Bakken: http://bit.ly/1kwT3np

• Looking for Water in the Oil Field: http://bit.ly/1A8nZxW