Commentary: Oil: A Modest Proposal For The U.S.

The U.S. needs a policy--one flexible enough for the future

Americans haven't heard the words oil and election so entwined since President Jimmy Carter ran for reelection--and lost--back in 1980. With oil prices near their highest level in a decade, sticker shock at the gas pump, rising fears of oil-induced global stagflation, OPEC leaders parading across our TV screens, and the worries of Northeasterners over how they'll heat their homes this winter, energy policy is once again near the top of the national agenda. While Americans prefer oil to go unseen, unsmelled, and unnoticed, these days it's impossible to ignore. What people want to know is: How can we get out of this mess--and make sure it doesn't happen again?

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