The Economic and Geopolitical Benefits of Free Trade in Energy Resources (The Heritage Foundation)

(Source: The Heritage Foundation) Abstract America has an abundance of natural resources, including sufficient energy reserves to provide Americans with affordable and reliable energy well into the future. With its plentiful reserves of coal, natural gas, and oil, the United States is already a global leader in energy production and has the potential to be a major supplier to the rest of the world. As is the case for many other countries around the world, the United States benefits from free trade because of private property rights. Individuals, in large part, have owned and had the ability to produce America's natural resources-which is a primary reason why the U.S. is a global energy...