What we need is a tariff on foreign oil of $20 per barrel to protect our young fracking industry. To protect American jobs and investments that could go bankrupt while Saudi Arabia is pumping all out.
And to the libertarian tariff haters. Drop dead!
No!
No new taxes.
Don’t punish US Refineries and PetroChem industries. Do not make them less economic than the same business in other countries.
Do not request the government to select industry winners and losers.
Young? The US oil & gas industry has been hydraulic fracturing since the 1940s. It has survived many previous down turns in price before this.
“What we need is a tariff on foreign oil of $20 per barrel to protect our young fracking industry. To protect American jobs and investments that could go bankrupt while Saudi Arabia is pumping all out.”
the best way to distort and market is to tax it the way you suggest.
let the market work and consumers will benefit.