By Arnold Kling
Only drastic reductions in U.S. oil use would lead to elimination of oil imports. Until then, the United States will continue to import oil. And U.S. consumers will pay the world price for oil, which is determined on world markets by global supply and demand, regardless of the quantity of imports.
What makes this unusual is that it comes from something called the Republican Policy Committee. I expect to hear soon that the staffer who wrote this has been fired. It’s far too sensible to serve any political purpose.