Allowing in the competition would lower the price, provide cleaner air, and permit more efficient vehicles. We can achieve this even while maintaining America’s connection to global energy markets. We can export gas and oil without substantially increasing their price at home.
Business & Economy
The latest U.S. sanctions against Russia over Ukraine are starting to crimp not only the Russian economy but also major Western oil companies such as Exxon Mobil Corp., companies that have invested heavily in helping Russia tap into huge stores of oil buried offshore in remote Arctic waters and under the vast wilderness in eastern Siberia.
Indian Prime Minister Narendra Modi has declared that his nation is “open for business,” but some U.S. industry leaders remain troubled by India’s policy toward intellectual property rights and question whether the new leader, making his first visit to Washington this week, will follow through on his promise to address the problem.
A judge has ruled that Argentina failed to pay U.S. bondholders their just due, cheating them out of about $1.5 billion in the last year or so.
Democratic Sen. Elizabeth Warren is calling for a congressional hearing to determine if corruption permeates the Federal Reserve Bank of New York.