Great principles don't get tossed out in emergencies.
National Review (5/14/20) column: "‘Oil is dead.” So goes the wishful thinking of the Left in Canada. And not just in Canada. Canada’s oil industry, like others around the world, has taken a beating: Before the coronavirus epidemic, prices already were low and declining, with U.S. shale producers fracking the world into oil abundance, sending prices down from over $100 a barrel in 2014 to less than $30 a barrel just two years later...Unlike their Canadian colleagues, the leaders of the U.S. oil industry aren’t really looking for help. They’ve been through a price crash before — it was the stupendous output enabled by the shale revolution, not the epidemic, that brought down oil prices to begin with — and they learned to adjust. The big oil companies have diversified operations, and they do not live or die by the daily price of crude. 'Any effort by government will come with a very high price from the Democrats,' says Thomas Pyle of the American Energy Alliance. 'They’ll want to trade that for parts of the Green New Deal, which is a bad deal for us.' Pyle says that some producers, especially smaller firms, might benefit from the same sort of assistance offered to businesses in any other industry, but that protectionist measures such as tariffs and subsidies are help that’s not wanted. Any help that is offered, he argues, should be general rather than industry-specific."
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"When the time is right, I believe Congress should advance a long-term recovery package that gets Americans back to work, and guess what? We know that solar installer and wind technician have been two of the fastest-growing jobs in the country for several years prior to this pandemic."
– Paul Tonko (D-N.Y.).
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