“The magic price looks like something around $70 per barrel.”
The US should tariff imported oil to bring it to $70-$75 bbl.
And keep that posture for at least a decade.
It would be transformative. And further our strategic position.
“The US should tariff imported oil to bring it to $70-$75 bbl.”
I’ve heard that proposed before and it has many positives. I do worry about the inevitable and eventual Democrat run Government screwing thing up with that.
Mission creep, so to speak. Make domestic oil the equivalent of $200/barrel to force us into electric cars, for instance.