Here’s another first for the Trump Economy. September 2019 marked the first full month that the United States was a net exporter of oil since the government started keeping records in 1949. Seventy Years ago.
That’s an “I-remember-when-story” told by an old man. An achievement in modern technology (fracking) and political will.
The nation exported 89,000 barrels a day more than it imported in September, according to data from the Energy Information Administration Friday. While the U.S. has previously reported net exports on a weekly basis, today’s figures mark a key milestone that few would have predicted just a decade ago, before the onset of the shale boom.
All the bad things about energy dependence have been undermined by a desire to allow the industry to implement and improve the technology that makes energy more affordable and easier to obtain. Leverage that has changed energy politics completely.
Petty disruptions in the Middle East or deliberate embargoes are more damaging to the host countries than the United States.
Our enemies cannot hold us hostage nor enrich themselves at our expense.
Oh, and there are all the jobs, wealth generation, and secondary injections of capital into local economies that aren’t possible when that money is offshored to buy energy from nations that hate us.
Despite all that good news, Democrats are running for office on hamstringing our nation and national security by ending the shale boom that has made these achievements possible.
Analysts at Rystad Energy said this week the U.S. is only months away from achieving energy independence, citing surging oil and gas output as well as the growth of renewables.
“Going forward, the United States will be energy independent on a monthly basis, and by 2030 total primary energy production will outpace primary energy demand by about 30%,” said Sindre Knutsson, vice president of Rystad Energy’s gas markets team.
Many years ago, I predicted that opening up our energy economy would be a huge win for America and Americans. It was an easy prediction to make with significant benefits across the economy.
If we can keep Democrats from ruining it, we’ll reap benefits for decades to come. The sort of affordable, stable energy renaissance necessary for the free market to develop or improve alternatives to oil and gas if that’s what we need or want.
But they’ll never be able to compete if can’t we can keep the enviro-fascists and their communist green new deals from kneecapping affordable energy and productivity. Real innovation needs freedom, capital, and affordable energy to grow.
Don’t buy into the green fear.
Democrat-socialism and far-left environmentalism are a poison pill and represent the only real man-made threat to our quality of life, our children (liberty, freedom) and the planet.