Imagining: Would a Biden “Drill, Baby, Drill” Regime Have Mitigated a Iran-War Induced Cost-Push Shock
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Heritage Foundation’s Chief Economist EJ Antoni speculates:
Well, I can imagine. The world price would be slightly lower, but we wouldn’t be insulated from a price shock exactly for the reason he identifies for why natural gas prices have fallen in the US: we lack sufficient facilities to export natural gas (as it’d have to be LNG).
I want to pose a different counterfactual. What if we’d maintained incentives for EV’s, maybe even expanded them more than we did. Th
Well, I can imagine. The world price would be slightly lower, but we wouldn’t be insulated from a price shock exactly for the reason he identifies for why natural gas prices have fallen in the US: we lack sufficient facilities to export natural gas (as it’d have to be LNG).
I want to pose a different counterfactual. What if we’d maintained incentives for EV’s, maybe even expanded them more than we did. Th
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