Ukraine, Iraq Argue for Exporting US Natural Gas, Crude Oil (Audio: Interview)
Russia's decision to restrict Ukraine's natural gas supplies, plus the new crisis in Iraq highlight the problems with the 40-year federal export ban on nearly all U.S.-produced crude oil and natural gas. Merrill Matthews tells Vicki McKenna that by limiting the market for those products, the government keeps energy prices artificially high, increases the political and economic influence of several bad actors, and destabilizes many of our allies.