The 2010 William E. Simon Lecture given by Hudson Senior Fellow and Director of the Bradley Center for Philanthropy & Civic Renewal William Schambra at the Manhattan Institute For Policy Research in New York City on December 9, 2010.
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An oil tanker is being unloaded with imported crude oil at the Qingdao Port Oil Terminal in Shandong Province, China on April 7, 2026. (Getty Images)