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Although the United States cannot unilaterally lower the price of oil, it can reduce its consumption by using oil more efficiently and by developing alternative sources of fuel.
Richard Thaler
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Opening the Arctic National Wildlife Refuge stands to not only increase the United States' oil reserves by nearly 50 percent, but it will create thousands of good U.S. jobs.
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Finally, we should help developing nations like China and India curb their exponentially increasing consumption of oil and natural gas, which is driving world prices higher.
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Government funding that's coming from the United States is making a huge difference on the ground in the developing world. It's really palpable - it's making a huge difference saving lives.
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You know, without China there is no Wal-Mart and without Wal-Mart there is no middle class and lower class prosperity in the United States.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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