Friday, May 27, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found


VideoMISSING TORTOISE from S. Palo Alto Dr. in Estates of Eagle Creek on May 17th. If you see him, please contact us @ (210) 913-4558 or (830) 393-4030.

VideoFound: Shepherd mix, showed up near C.R. 307 and C.R. 317, La Vernia, about one week ago, has orange collar with no tags. 210-385-2892.
*Includes FREE photo online! mywcn.com/lostandfound
More Lost & Found ads ›

Help Wanted

The City of Poth is currently accepting applications for the position of Chief of Police. The Chief is responsible for all operational and administrative aspects of the police department, provide patrol, criminal investigations, crime prevention, enforce all laws and ordinances and be responsible for public health and safety. Must be community oriented, have strong public relations skills, strong work ethics, must be physically fit and maintain a professional image while in uniform. A High School Diploma or GED is required. Must have a valid Class C or higher Texas Driver’s License. Must be TCLEOSE Master Peace Officer certified and have at least 5 years of experience with law enforcement agency; SWAT, Gang Unit, Narcotics or Detective experience a plus, pass a thorough background check investigation with drug screen and credit check. The City offers benefit package with retirement plan and medical insurance. Salary dependent on qualifications. EOE. Applications/resume will be accepted until June 3, 2016, 5:00 P.M. at the Poth City Hall, 200 N. Carroll St, P O Box 579, Poth TX 78147; email: cityhall@cityofpoth.org.   
Walk-in bathtub sales person wanted. $100,000+ $4,000/mo. guaranteed. Sales experience required. Call Jerry Stewart at 913-276-2143, Ewing Enterprises, LLC.
More Help Wanted ads ›

Featured Videos





Video Vault ›

Commentaries


For Higher Costs, Restrict Exports




E-Mail this Story to a Friend
Print this Story

Disclaimer:
The author of this entry is responsible for this content, which is not edited by the Wilson County News or wilsoncountynews.com.
January 9, 2014 | 3,670 views | Post a comment

By Donald J. Boudreaux

On his recent trip to Warsaw, Secretary of State John Kerry heard arguments for expanding U.S. natural gas exports to Poland. Polish officials made the case that letting liquefied natural gas (LNG) flow from the United States to Poland would benefit European economies as well as the environment.

When it comes to lifting restrictions on gas exports, U.S. officials shouldn't need convincing. If policymakers want to continue denying our economy the benefits of free trade, they should be the ones to explain why.

By selling more of our natural-gas supplies abroad, we Americans will increase the number of goods and services that we import, thereby improving living standards here at home. And despite claims to the contrary, boosting gas exports will actually drive down domestic energy costs over the long-term. Officials seeking to restrict natural-gas exports are preventing the United States from realizing the full rewards of the current domestic energy boom.

Since 2007, the widespread adoption of hydraulic fracturing techniques has increased America's shale gas production sixfold. And in the next five years, domestic production is expected to accelerate, according to the International Energy Agency.

The dramatic rise in domestic gas extraction has made our country the largest producer of an energy source that is increasingly in demand around the world. LNG prices in Europe, for example, are roughly three times higher than here in the United States, while Asia pays more than four times as much for the resource. Both regions are eager to buy America's gas supplies. Yet, for reasons that are fantastical at best, U.S. producers still face serious barriers to selling overseas.

In particular, energy firms looking to export to countries who lack a free-trade agreement with the United States require approval from the Department of Energy (DOE). And while the DOE has granted four such approvals in the last few years, more than twenty others remain under review.

Those opposed to expanding exports argue that selling more natural gas to foreign countries will drive up energy costs for Americans. Sen. Ron Wyden has argued that, before the DOE approves anymore LNG exports, the agency must first "prove to American families and manufacturers that these exports will not have a significant impact on domestic prices."

This is crazy talk.

Wyden, who said this in September, must have missed the DOE-commissioned study from last year detailing the benefits of gas exportation. The report concludes that "the U.S. was projected to gain net economic benefits from allowing LNG exports. Moreover, for every one of the market scenarios examined, net economic benefits increased as the level of LNG exports increased."

This conclusion is hardly surprising, as obstructing trade is always an economic loser. To artificially restrict exports is to artificially reduce export earnings and, thus, to decrease the volume of imports that can be purchased. If the United States can't sell its most valuable natural resources to those most eager to buy them, we'll be less able to import the foreign-made products we rely on the most. The result will be fewer low-cost electronics, cars, clothes, and countless other imported goods that significantly improve our standard of living.

As for the threat of higher domestic energy prices, this too has little basis in economic reality. The only way America's natural-gas supplies will remain high is if businesses continue to invest heavily in the costly process of production. By limiting access to the global market, U.S. officials weaken the incentive to develop domestic gas resources. And as gas supplies fall, prices will rise. We don't need a government study to tell us that, if Apple could only sell its products in a handful of federally approved countries, Americans would pay a lot more for iPhones and MacBooks. Natural gas is no different.

What's more, it's simply backwards that the burden of proof is on businesses looking to sell their product to willing customers, rather than on those wishing to impose protectionist policies. The dangers of trade restrictions have been readily apparent since the days of Adam Smith, who warned that "prohibition of exportation limits the improvement and cultivation of the country to what the supply of its own inhabitants requires."

Opponents of natural-gas exports have abandoned basic economic logic for an ill-reasoned hunch about energy costs. In doing so, they stand in the way of the enormous economic benefits that come with being a world leader in energy production.

Donald J. Boudreaux is a senior fellow at the Mercatus Center and a professor of economics and former economics-department chair at George Mason University. He holds the Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center.
 
‹ Previous Blog Entry
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Commentaries Archives


Commentaries
Commentaries page govtrack.us
Commentaries who represents me?
Heavenly Touch homeVoncille Bielefeld homeTriple R DC ExpertsAllstate & McBride Realty

  Copyright © 2007-2016 Wilson County News. All rights reserved. Web development by Drewa Designs.