Energy Tomorrow Blog
Posted April 13, 2020
We understand the oil demand-side circumstances that have led to calls for artificial market interventions such as tariffs and quotas – including a proposal before natural gas and oil regulators in Texas to mandate oil production cuts in the United States’ No. 1 oil-producing state.
Tough market conditions are no reason to implement bad remedies, such as the Texas proposal, which is problematic at best.
That’s not just an API view. Economics and history argue strongly against veering from the principle of markets dictating production levels, which is a core principle of our industry.
Posted January 14, 2015
Jane Van Ryan
Posted November 11, 2010