I’ve written on this topic before, but at FEE today I made a new observation:
There’s another way of seeing the foolishness of the hostility to [U.S.] oil exports. Normally, when it comes to international trade, the layperson is wary of “cheap imports.” Those wily foreigners are always scheming to send us their products to help their own producers, at the expense of our own workers.
So isn’t it interesting that when it comes to crude oil exports, the layperson’s gut instinct has totally flipped? In other words, shouldn’t foreigners be angry at the United States for seeking statutory permission to flood their markets with cheap American oil, hurting their own workers and inculcating “dependence on US oil”? Isn’t it amazing that — apparently — shipping goods across borders causes pain to both the receivers and the senders?