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Since when has the U.S. been afraid of exports? Since now, apparently.
A decade ago the U.S. worried about not having enough natural gas to meet its needs and therefore had to import gas from abroad. Today, thanks to new hydraulic fracturing technologies, the country is awash in natural gas and has the opportunity to be a major exporter of the commodity. Exports are good for the economy, and the U.S. suddenly holds a major comparative advantage in the area of natural gas. Capitalizing on this opportunity would be a boom for the U.S. economy, and allowing exports seems like a no-brainer anyway.
But a vocal opposition has lined up to block exports, and companies are having an exceedingly difficult time receiving permits from the Department of Energy to export gas. Jim Glassman has all the details in a recent column for Forbes.
What are the costs to economic growth of all this regulatory red tape?
This is a major question of concern for us here at the 4% Growth Project. To address it, we are convening a full-day conference on energy regulation and economic growth this September at the George W. Bush Presidential Center in Dallas, Texas. We will consider the cost to growth from the regulation of natural-gas exports, but will also address many other forms of regulation that threaten the growth potential of the energy industry. In advance of the conference we will publish a series of white papers to our Web site. Stay tuned. This is a topic of great importance not just for the energy industry, but for the entire U.S. economy as well.
Matthew Denhart is an expert on immigration policy and is the author of the Bush Institute’s America's Advantage: A Handbook of Vital Immigration and Economic Growth Statistics, now in its third edition. He currently serves as executive director of the Calvin Coolidge Presidential Foundation and is a founder of the Coolidge Scholars Program which provides full-ride merit scholarships to America's most promising college students. A summa cum laude graduate of Ohio University, Denhart has written and spoken widely on a variety of policy topics including the economics of higher education, labor, and taxes. He has contributed articles to numerous national publications including The Wall Street Journal, Forbes.com, CNN Opinion, and Bloomberg View.Full Bio
TARIFFIED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.