CEI Today: Dow Chemical's lobbing, Supreme Court hears generic drug case, the Marketplace (un) Fairness Act, and Cyprus problems
DOW CHEMICAL'S ANTI-NATURAL GAS CAMPAIGN - MARLO LEWIS
Openmarket.org: False Alarms: Dow Chemical’s Campaign against Natural Gas Exports
Dow Chemical has been calling for restricting exports of liquefied natural gas, arguing such a move would add more value to the economy than gas exported overseas. But CEI's Marlo Lewis explains how the outcome of this bad policy would also justify:
- Curbing Dow’s exports of chemicals, plastics, and electronic components to help domestic manufacturers of paints, cosmetics, pharmaceuticals, cell phones, laptops, and other finished goods become more competitive in the global marketplace.
- Empowering bureaucratic agencies to commandeer private property whenever they think the resource would add more value in the hands of some other firm or industry.
Dow CEO Andrew Liveris would no doubt cry bloody murder if Congress proposed to give Dow a dose of its own medicine and restrict the company’s exports in the “public interest.” Presumably, Mr. Liveris would also disavow any sympathy for confiscatory centralized economic planning, although that is in effect what he is advocating.
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