If Obama and company get out of the way, that is. Via E. Thomas McClanahan:
We’ve been told forever that we’re “running out of resources,” that we’re facing a future of shrinking options, that we’d better change our ways and oh, by the way, our friends in the green movement will tell us exactly how our ways must be changed.
Which is why last week, the greens no doubt reacted in horror at the International Energy Agency’s latest forecast on oil production.
Forget about peak oil. What the future portends is energy abundance. Within eight years, the IEA says, the United States will overtake Saudi Arabia as the planet’s largest oil producer. All those predictions about running out? The ever-gloomy greens ignored the most important resource-production factor of all: human ingenuity.
New drilling techniques involving hydraulic fracking have produced a gusher of oil and natural gas from shale formations in several states including Kansas, but mainly in Texas, North Dakota, Ohio and Pennsylvania. The boom has added tens of thousands of new jobs and more revenue for state, local and federal government.
This is hardly news of course, and Governor Palin has long taken the lead in advocating that America stop its dangerous dependence on energy from hostile and unstable foreign regimes by ramping up our own production. The good news is that this is entirely possible. The bad news is that true energy independence won’t sit well with Obama and his "green energy" cronies at places like Solyndra who stand to lose billions if they get cut off from the federal trough. Expect Obama to keep listening to morons like Robert Redford and Al Gore and continue suicidal policies like this, this and this as he continues to do all he can to prevent America from developing her vast energy resources.