Okey, dokey, pokey....here we go the double bladed sword.
According to this report, America is becoming energy independent. We won't need foreign oil. Natural gas and oil drilling is booming in some parts of
America, thanks in large part to fracking and sideways drilling and all kinds of nifty new technological advancements.
Horizontal drilling, it's called.
“One thing I can say with absolute certainty…is that our long-term forecasts are going to be wrong,” Adam Sieminski, EIA administrator, said in
a recent speech. “It looks like the direction we’re going ... on oil is there’s going to be more of it.”
Wow. This guy is no friend to foreign oil. Obviously.
"In 2003, there were 1,900 horizontal wells operating in the U.S. IHS estimates there were closer to 45,500 in 2012."
Hmmmmm....this is a report you have to read in its entirety, for yourselves.
Now, for the sake of argument, it's all true.
"If those trends continue, Yergin said, the U.S. will largely be able to wean itself off non-North American oil sources within a decade"
Does all this new found domestic oil vilify or vindicate the Obama legacy?
I mean, it almost seems that with some people, Obama can do NO wrong. Ergo, there's vindication there for the Obama legacy. While at the same time
there's the global warming crowd who will scream and holler that Obama didn't do enough to stop domestic oil production (and coal production and
whatever is there for yet another discussion).
Just for the sake of the Al Gore argument, tomorrow everyone in America is paying less at the pump per gallon...but paying more for gas masks?
One way or the other, the Obamas will one day leave Washington for their 45 million dollar mansion in Hawaii. Complete with a lifetime of security
protection from the Secret Service. They will be surrounded by heavily armed Agents watching the Obama children grow up in the total lap of luxury.
What will the Obama followers have to say about their leader if domestic oil and gas flows like there is no tomorrow.
Read for yourselves....formulate an opinion.
For the record of my opinion, if all this domestic oil and gas forecasting is true, many presidents will have come and gone by the time global warming
destroys the planet. If an asteroid doesn't destroy it first. Or an atomic war coupled with virulent plagues and famine.
I personally don't think a lot of people will be thinking of Obama's legacy by then. But, hey, you never know. I just wonder what people think at
this very moment.
.Power shift: Energy boom dawning in America