Discuss the advantages and disadvantages of the policy


Problem

With the innovation of hydraulic fracturing and horizontal drilling to extract natural gas from shale in the United States, U.S. gas production has increased and gas prices have decreased. With this new production technology, the United States is poised to become a major exporter of natural gas. But a 1938 law prohibits such exports unless they are judged to be in the "public interest." Is it in "public interest" for the U.S. government to allow expansion of hydraulic fracturing in order to increase gas exports? Discuss the advantages and disadvantages of this policy. Who will benefit and who will lose?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Discuss the advantages and disadvantages of the policy
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