Import argument backfires

The oil and gas industry has new evidence, this time from Europe, of how calibrating energy policy to import dependence can lead to political trouble.Usually, it is in the US that energy politics leverages itself against oil imports. Produce more domestically, the standard argument goes, in defense against the import bogey.For the US and any country blessed with oil and gas resources, the goal of increasing production is altogether proper. Domestically produced oil provides economic benefits unavailable from imports. Governments should encourage it.But imported oil isn't the horror that it might once have been and is still portrayed to be. In the US, in fact, economic progress and sec...

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