Results Oriented: Anti-Oil Policies Can Prompt More Oil Production

Episode Transcript

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It turns out that anti oil policiesoften encourage more oil production. Peter Jacobson
with the Foundation for Economic Education,says oil producers participate in what's called the
green paradox. If those people thinkfive ten years from now oil use is
going to be banned and they knowthat their resource is going to become less
valuable, so that encourages them totry to fall as much out of the

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ground right now as possible and sellit as quickly as possible so they're not
left sitting on this valueless resource.He likens this to other policies of the
left that often don't take into accountthe dynamics of human behavior or reaction.
Corey Yulson, who's Radio seven fortyktrh