Environment/Energy · Featured · Government
Capitalizing on Cheap Energy for the Long Term
For the past several weeks, falling oil prices and a likely veto of the Keystone XL pipeline by President Barack Obama have been commanding the headlines. But something more significant has been lost in the commotion. Last year, the United States produced more oil and natural gas than any other country, allowing us to achieve virtual energy independence which has been an expressed goal of public policy since the 1970s. What’s more, American consumers are reaping a fiscal windfall as lower energy prices reduce the costs driving their cars and heating and powering their homes. Most American industries are benefiting as well, especially energy-intensive manufacturing companies that use oil and gas both as fuels and feed stocks.
