Oil prices are highly sensitive to global events

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Oil prices are highly sensitive to global events, such as hurricanes, terrorist acts and foreign conflicts. One way to stabilize the price of energy is for our country to become independent of foreign supplies. However, exploring for natural gas and oil domestically always conflicts with environmental issues. What are some suggestions to keep energy prices stable? To what degree should the government get involved to insure energy independence?

Reference no: EM131164627

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