Manhattan Institute News

The top supporter in the U.S. Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction. "I think it may be timely then," Senator Lisa Murkowski, the top Republican on the Senate Energy Committee, told reporters on Thursday when asked if next year would be a good time for legislation. Lawmakers have avoided introducing a measure to lift the ban ahead of the Nov. 4 midterm elections amid concern that exporting oil could lead to higher gasoline prices. But the fuel prices are based on global markets and several recent studies from the Brookings Institute and other groups have shown that fuel prices would actually fall.

Thomas Alva Edison, who is considered to be one of the most prolific inventors in history, once said, “I find out what the world needs. Then I go ahead and try to invent it.” His invention of the long-lasting electric light bulb was exactly what the world needed and has revolutionized the way we live today. Since then, the explosive growth of the electric power industry has brought about as many challenges as it has accomplishments. What the world needs now are solutions for the critical issues affecting modern power systems. Schweitzer Engineering Laboratories, Inc.