By Dian L. Chu I came across an interesting editorial at Houston Chronicle dated Feb. 26 written by Yale Graduates Energy Study Group discussing energy security and independence. In the article, the authors propose a federal policy (the “limits” policy) to withdraw U.S. crude and products imports from the world oil market, for example, in a 10-year period. During that period, all imports would be phased out to zero except Canada, whose pipelines run almost exclusively south into the U.S. Consumer Loss vs. Producer Gain According to the article, the limits policy…
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