Viewpoints
Opinion

Irrational Attacks Against Oil Companies

Irrational Attacks Against Oil Companies
A pump jack operates in the Permian Basin oil production area near Wink, Texas, on Aug. 22, 2018. Nick Oxford/Reuters
Mark Hendrickson
Mark Hendrickson
contributor
|Updated:
Commentary

Americans are chafing at high gasoline prices. The average American understands the basic economic law of supply and demand well enough to realize that the cure for today’s higher prices would be an increased supply of oil. We Americans also have the good fortune of having abundant supplies of oil within American territory, and we also have the most skilled petroleum engineers in the world who know how to extract it.

Mark Hendrickson
Mark Hendrickson
contributor
Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
Related Topics