The world is going to need 50 percent more energy by 2050, including a large amount of oil. This challenge can be met while also addressing climate change by reducing greenhouse gas emissions. Through data analytics, U.S. oil companies are taking many steps to significantly cut their emissions soon. Policymakers should encourage these actions as the U.S. oil industry is large, recent events have shown the continuing importance of oil, and other oil producers worldwide do not have the same environmental requirements as U.S. companies do. Lexington Institute’s Paul Steidler discusses these matters in an Op-Ed here.
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