The article states:
Since becoming president, Mr. Obama has treated hydrocarbon production like an infectious disease to be eradicated. His administration had to commission a study to learn, as announced last week, that allowing American companies to export liquefied natural gas would be beneficial to the U.S. economy. Still, the Department of Energy says it can’t make “final determinations” on export applications until it hears from those who object. So much for property rights.
America currently has the fastest rate of growth in production of oil and gas in the world. This is happening at a time when the demand for energy in America is slowing. However, the worldwide demand for energy is increasing, creating a market for American energy exports.
Three democracies, sitting on vast resources, each have their own comparative advantages to offer an integrated continental market that could lead the world. Greater North American energy supplies imply millions of new jobs, higher tax revenues, plentiful energy for continental manufacturing and the end of reliance on hostile producers like Venezuela. But to reach optimum potential, investors need the freedom to explore, exploit and refine hydrocarbons and move output at every stage of production throughout the continent. In other words, governments need to get out of the way.
We can find our way out of the economic mess we are currently in–we just need to use the resources we have.