Great news in the world of energy today: “US is Overtaking Russia As World’s Largest Oil-and-Gas Producer.”
By now, everyone knows the cause: using technologies such as hydraulic fracturing (“fracking”) and horizontal drilling, America’s oil and gas industry is producing life-giving oil and gas at levels few thought possible even 10 years ago.
But there is another cause. Our incredible energy success has only been possible because of a political failure by President Obama–a failure to keep Candidate Obama’s promise to dismantle the oil and gas industry. In 2007, Obama won acclaim from fellow environmentalists by pronouncing
At the dawn of the twenty-first century, the country that faced down the tyranny of fascism and communism is now called to challenge the tyranny of oil…
For the sake of our security, our economy, our jobs and our planet, the age of oil must end in our time.
The moral of this story? Our success depends on the failure of environmentalists’ anti-industrial policies.
Alex Epstein, an energy philosopher, speaker, and communications consultant, is Founder and President of the Center for Industrial Progress.