U.S. must seek long-term domestic energy solutions
Releasing petroleum from reserves is a short-term band-aid that carries real risks. If a crisis or prolonged economic downturn comes, the U.S. may well regret tapping into this supply. The United States instead should be pursuing long-term solutions — promoting or incentivizing the production of domestic oil and gas and investment in increased refinery capacity. As we have noted before, the benefits of developing domestic energy sources can be seen right here in our communities. Our economic fortunes as a region over the past 20 years have been thankfully better than communities that ...