Government Intervention Would Hurt Energy Producers
August 12, 2020
By Tom Giovanetti and Drew Johnson
America's energy sector has seen better days. The recent price war between Saudi Arabia and Russia rocked oil and gas markets -- and the coronavirus outbreak has reduced demand and forced some companies in the renewable sector to stall projects and furlough workers.
Despite these upheavals, the government has yet to intervene. The Trump administration chose not to impose tariffs on Saudi Arabia, and Congress left the renewable energy sector out of the first batch of COVID-19 stimulus packages.
That's for the best. Tariffs, tax credits, and other governmen...