Discussing U.S. energy policy, Forbes contributor Bringham A. McCown utilized a recent report by PPI’s Dr. Michael Mandel:
In fact, the energy industry is generating more revenue for this country than ever before. A recent report released by the Progressive Policy Institute (PPI) showed six out of the top 25 companies that invested in the U.S. are energy companies. In all, those six companies, ‘had a total domestic capital expenditure of $43.6 billion, which is an increase of nine percent from last year.’ While the U.S. economy most greatly benefits from the direct financial investments that the energy industry has produced to date, removing the final prohibition to trading oil on the global markets will produce positive externalities. These benefits will manifest as innovative enhancements to safety and security for domestic infrastructure, which will ultimately increase efficiency and generate energy savings.
Read the article in its entirety at Forbes.
