Meanwhile, in the Oil-ympics, Team USA is currently looking strong: US sells oil to the Middle East as surging domestic production puts America on pace to rival Russia and Saudi as world's top energy producer.
In 2013, the US shipped just over 100,000 barrels a day.
This past November, American firms exported 1.53 million barrels a day.
The US now exports up to 1.7 million barrels per day of crude, and this year will have the capacity to export 3.8 billion cubic feet per day of natural gas.
Terminals conceived for importing liquefied natural gas have now been overhauled to allow exports.
As Reuters reported last month:
Surging shale production is poised to push US oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.
Least of the “few [who] could have imagined,[it] even a decade ago” would have been Barack Hussein Obama, our President for 8 years of that decade of diminishing expectations. He spent his tenure establishing bans on drilling, implementing regulatory roadblocks, and trying to eliminated tax breaks for oil production while giving huge tax credits for wind and solar powered projects.
Every time he pulled out his favorite trope - “we can’t just drill our way out the energy and climate challenge that we face” - he explained quite simply how the self-fulfilling prophecy works.
Like much of the Obama legacy that particularly pernicious policy of self-destruction is now being reversed. It turns out we can indeed drill our way out of a self-imposed energy crisis. In fact, if you are dedicated to Making America Great Again there is very little you can’t do. Regardless of the roadblocks thrown up around you.
Linked By: Larwyn’s Linx on Doug Ross@Journal, and BlogsLucianneLoves, and Free Republic, Thanks!
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