Posted on 06/09/2014 2:38:59 PM PDT by SeekAndFind
While we should always be wary of advocating for the canard of “energy independence” purely for its own sake — because doing so means eschewing the competitive, price-controlling, and wealth-creating powers of free and open trade and instead inviting the protectionism that generally benefits special interests over all consumers — it’s always worth looking at just how far the United States has come in terms of oil-and-gas production capacity in just a few short years, both in terms of boosting our energy security with diversified sources (including ourselves) and for boosting our ability to compete in the global economy by growing our own. Via FuelFix:
The United States produced enough energy to satisfy 84 percent of its needs in 2013, a rapid climb from its historic low in 2005, according to a report from the U.S. Energy Information Administration.
The nation produced 81.7 quadrillion British thermal units of energy last year and consumed 97.5 quadrillion, the highest ratio since 1987. The nation’s energy output rose 18 percent from 2005 to 2013, as a surge in oil and gas production offset declines in coal. Meanwhile, its total energy used fell 2.7 percent during that period.
(Excerpt) Read more at hotair.com ...
Burn more coal and make up the 16%
Tell the Saudis to go to hell.
“Meanwhile, its total energy used fell 2.7 percent during that period.”
That look like GDP growth to anyone?
And build more nuclear plants
Could be more efficiencies in energy using products.
Yeah, those safe...*cough*...commodities investments are looking great. Oil is up, slaughter cattle are up,... The TEOTWAWKI markets will be even better with hundreds of millions of new drivers and more demand for beef in Asia during the years to come. There’s nothing but brotherly love in political speech from NGOs and government-connected businesses, so we’ll all get along fine.
[Little irony and sarcasm there. Best start looking for more ways to save on heating energy and fuel without using subsidized manufactured solar and wood heating products with anti-competition codes regulations behind them.]
By 2016 I will likely be 50%.
For those who want to see a video showing how horizontal drilling and fracking is done, Northern Gas and Oil has a great one. It’s 6 minutes.
It includes a visual piece on how fresh water aquifers are protected from contamination.
http://www.northernoil.com/drilling-video
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