To protect American jobs, the U.S. should support the price of oil as it has done throughout its history. The price of oil is mainly determined by supply and demand. The recurring problem is that, when the price of oil declines, the oil producers produce more to make up for the smaller profit margin, which in turn further increase supply and decrease price. This is one of the reasons the U.S. and the states historically restricted the supply of oil to keep price stable.

Keep reading at the Daily Texan.

Subscribe To Our Newsletter

Each month, TCAP sends out an e-newsletter covering major events in Texas electricity and advances in public policy. Sign up for the newsletter and check out old newsletters to get caught up on Texas energy.

You have Successfully Subscribed!

Share This