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.
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Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.