Thanks to the fracking and horizontal drilling revolution, the U.S. has retaken the lead in global oil production. In 15 years, domestic oil production has roughly doubled. So much for running out of oil.
This American energy lead is likely to widen with Trump’s “energy dominance” campaign. Today, it is less expensive to drill for a barrel of oil than anytime in world history.
More good news: we’re also number 1 in clean coal (500 years of reserves) and super-clean natural gas (250 years).
We can’t think of a stupider idea than for the U.S. to “transition” to expensive, unreliable, and non-scalable “green energy.”
This would be like Iowa leading a campaign for the world to eat less corn.