The Oil-Price Roller Coaster: Global Challenges for the Obama Administration
The U.S. should increase pressure on OPEC and non-OPEC countries,which are failing to meet production forecasts, to open access toIOCs while authorizing oil production in ANWR, other promisingArctic areas, and the lower 48 states to expand domestic energyproduction. Rising oil consumption within key oil-producing statesleaves less oil for export, posing a significant constraint onfuture supply.
Source: heritage.org