When George W. Bush signed legislation in 2007 to subsidize and mandate the production of biofuels, he cited the urgent need to liberate America from “long-term” dependence on “oil from foreign lands.” Turns out there was an easier, much less expensive way: drill, baby, drill.
The Energy Information Administration announced this month that the port district of Houston-Galveston began exporting more crude oil than it imported for the first time. Houston-Galveston exports in April surpassed imports by 15,000 barrels a day, and by May the difference had grown to 470,000 barrels a day. That port district handles more than half of all U.S. crude exports, which hit a record of two million barrels a day in May.
The export boom is testament to U.S. ingenuity that has driven rapid advances in hydraulic fracturing and horizontal drilling, especially in shale rock. The breakthroughs have lowered drilling costs and put Texas’s Permian Basin at the center of an oil-and-gas drilling revolution that will next year see the state producing more oil than either Iraq or Iran.
Washington also gets credit for removing regulatory hurdles like the oil export ban. Republican leaders in Congress took flak in 2015 for agreeing to extend green-energy subsidies for a few years in return for Barack Obama’s signature on a statutory end to the 40-year-old export ban.
Some conservative pressure groups derided the policy trade as a sellout while liberals complained that ending the ban would serve Big Oil. The real beneficiaries are workers, investors and the overall economy, as well as greater flexibility in foreign policy as the U.S. is less vulnerable to authoritarian oil exporters.
The U.S. is unlikely to be a net oil exporter soon, since American refineries require heavy crude from abroad. Shale drillers produce lighter grades. But the gap between imports and exports shrank in 2017 to a 24-year low of 6.8 million barrels a day from more than nine million in 2012. The lesson is that American invention and entrepreneurship remain indomitable — when government gets out of the way.
Global warming is a fraud, a scare tactic to try to get the public to consent to paying TRIPLE the money on their energy bills. Face it, if they got their carbon tax, the media would shut up about it and you wouldn't hear about it again (unless they wanted to milk you for even more later on!)
Levi Fisher
freaking news
Dylan Walker
t. ecoshills
Kayden Bailey
The asshole came back and DDOS'd the shit out of Endchan. He also targeted information at /endtimes/ that will be restored elsewhere, also to this site at some later point. It's all been backed up. This is likely a spook who hates great quality content. I know this because I've run into them before, they're total degenerate ASSHOLES.
No, it's as real as the holes in your brain And I like it I live in Canada and i could use some(the winters are a milder lately)
When I die, let it all bun, along with your spawn
Sebastian Jackson
That's funny because the winters have been HARSHER in the US recently. Some "warming" we're experiencing. Your crackpot scientific theory has already been debunked multiple times. And politicians who seem 'concerned' are only pushing for carbon taxes and further their expansion of their corrupt greedy bureaucracies.
