U.S. Energy Production Back on Top!
Finally, the U.S. is the big dog again!
The U.S. Energy Information Administration (EIA) reports today that the United States will once again reclaim the undisputed title of world’s top producer of petroleum and natural gas hydrocarbons in 2013! That despite President Obama’s single-minded energy policy for eradication of fossil fuels from the face of the Earth.
There will be wailing and gnashing of teeth among global warming environmentalists throughout the world over this dastardly turn of events.
Even stopping Keystone XL couldn’t stem the tsunami of liquid fossil capitalism gushing out from private-sector lands.
Though it looks like the U.S. nipped the Russians in 2012; it totally blew them away in 2013!
Saudia Arabia remains a distant 3rd producing only about half the oil equivalent energy as the United States in liquid petroleum products.
Guess what? That doesn’t even include coal. President Obama specifically targeted coal for first elimination!
The problem with that pesky law of supply and demand is, where there is overwhelming global starvation for energy, capitalism finds a way to meet the need.
American energy producers are solving the world energy crisis with good old fashioned American ingenuity and hard work while President Obama makes speeches and dabbles with wind and solar at considerable taxpayer expense.
Obama green energy bankruptcies are more common than successes.
The bottom line is fossil fuels will be the dominant energy source to meet global needs for at least the next half century and probably a lot longer.
The sooner the United States votes in a new Administration that understands that and better leverages our advantage in natural resources then the better off the U.S. economy and job creation situation will be.
All energy sources, no matter what they are, must be developed responsibly by balancing very real environmental concerns against the lives and well being of ordinary people throughout the world.
Thank goodness the private-sector is taking up the slack generated by impotent government policies.