Perhaps gasoline prices con get down to $1/gallon again. The prices today are outrageous.
“My question is, how would our status as world’s largest oil and gas producer in 2013 and for argument’s sake, for a an unspecified number of years affect America’s political, economic well being as the world’s global superpower? (albeit in diminished capacity.)”
Now? It won’t matter because the fruits of our labor will either stay in the ground, be shipped to foreign lands for pennies on the dollar or will leak into the American energy grid.
In other words, it won’t make a dent.
With a conservative President, a Republican Senate and a Repubican house, the entire world would change for the better. We are talking about Milton’s of jobs, new businesses, and new ways to invest.
There is one fact of life that the majority of this world either doesnt get or wont recognize due to political agenda. When America is prosperous, the world benefits. When America goes full socialist, the game is over. It’s amazing what human liberty does for mankind.