America turned into a net oil exporter last week, breaking almost 75 years of continued dependence on foreign oil and marking a pivotal -- even if likely brief -- moment toward what U.S. President Donald Trump has branded as "energy independence."
The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania.
The shale revolution has transformed oil wildcatters into billionaires and the U.S. into the world’s largest petroleum producer, surpassing Russia and Saudi Arabia. The power of OPEC has been diminished, undercutting one of the major geopolitical forces of the last half century.Read more here.
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Showing posts with label energy independence. Show all posts
Showing posts with label energy independence. Show all posts
Sunday, December 09, 2018
Energy Independence!
Javier Blas reports in Bloomberg,
Thursday, January 04, 2018
"We are going to become the strongest energy superpower.”
Lisa Friedman reports at The New York Times,
The Trump administration will allow new offshore oil and gas drilling in nearly all United States waters, it announced Thursday. The plan would give the energy industry broad access to drilling rights in most parts of the outer continental shelf, including Pacific waters near California, Atlantic waters near Maine and the eastern Gulf of Mexico.Read more here.
The proposal lifts a ban on drilling, imposed by President Barack Obama in his final days in office, that protected more than 100 million offshore acres along the Arctic and Eastern Seaboard. Such a reversal deals a serious blow to Mr. Obama’s environmental legacy and signals that the Trump administration is nowhere near done unraveling the environmental restrictions of its predecessor in an effort to promote domestic energy production.
The drilling plan comes on the heels of a separate proposal to repeal offshore drilling safety regulations that were put in place after the 2010 Deepwater Horizon oil rig disaster, as well as a decision by Congress to open the Arctic National Wildlife Refuge to oil and gas drilling.
“We’re embarking on a new path for energy dominance in America, particularly on offshore,” Ryan Zinke, the interior secretary, said Thursday as he unveiled the plan. “This is a clear difference between energy weakness and energy dominance. We are going to become the strongest energy superpower.”
Tuesday, March 28, 2017
"The war on coal is over!"
Over 130 coal mines in West Virginia have been shut down since 2009. Trump made his promise to the people of West Virginia, Kentucky, and Pennsylvania, and he is keeping his promise. Today he signed Executive orders that will lead America to energy independence. Please note the deep respect he and Vice President Pence show to the men who do that very hard work.
Thursday, August 14, 2014
"I will transmit your response to Vladimer"
Power Line blogger John Hinderaker calls our attention to some commercials currently airing in Colorado.
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