— FedEx CEO Frederick W. Smith told a Cato Institute audience Thursday that the U.S. must increase energy production in the western hemisphere, get more energy-efficient and diversify its energy resources.

    In a reprise of his remarks as co-chairman of the Energy Security Leadership Council, Smith told the libertarian-based group about the monopolistic control the OPEC cartel has had and price Americans have paid in protecting oil resources, chiefly in the Middle East.

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