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America’s domestic energy producers are under siege. The price of U.S. crude oil fell to negative territory on April 20, from roughly $50 a barrel a year ago. This collapse in price is sending nearly the entire oil and gas industry into bankruptcy.
Stephen Moore is a senior fellow at the Heritage Foundation, chief economist at FreedomWorks, and co-founder of the Committee to Unleash Prosperity. He served as a senior economic adviser to Donald Trump. His latest book is “Govzilla: How the Relentless Growth of Government Is Impoverishing America.”
