From AEIdeas:
I got my license right after OPEC declared war on the US with an oil embargo so I remember the outcry that the US had to become “Energy Independent”! And for the last 50 years I have listened to politician after politician say “I WILL DO THAT!” during every election cycle – and all we ended up with was higher net oil imports from unfriendly countries and a Department of Energy that has failed its basic mission. Instead, it has been the PRIVATE SECTOR that has created that downslope (via fracking on private lands).
“According to data recently released by the Energy Information Administration, America’s net petroleum imports fell to 28.4% during the first three months of 2014 (see chart above, data here). That’s the lowest dependence on foreign sources of petroleum since 1985,