Built Quote by Thomas Sowell
“In the United States, liberals have made it virtually impossible [to increase the supply of oil] by banning drilling in all sorts of places and preventing any new refinery from being built anywhere in the country in the last 30 years.”
About This Quote
Source Book: Basic Economics, 2000
Regulatory restrictions can severely limit oil supply growth, affecting markets.
In simple terms: Regulations curb oil supply.
Consider policy impacts on resources.
Themes
Mood
Type
When to use this quote
- energy planning
- investment decisions
- environmental debates
Key Concepts
Questions to Reflect On
- What are the trade‑offs of drilling bans?
- How can energy needs be met sustainably?
Policy may also protect ecosystems.