With supply surging and demand flagging, some American oil companies find themselves in a lurch. They cannot make money—and some cannot survive—unless prices rebound. In response, some industry advocates are asking the federal government to implement a tariff on foreign oil. Bad idea.
FEE’s mission is to inspire, educate, and connect future leaders with the economic, ethical, and legal principles of a free society. These principles include: individual liberty, free-market economics, entrepreneurship, private property, high moral character, and limited government. Visit https://fee.org