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Regulations to reduce fuel consumption and to increase vehicle mileage were born during the oil shock of the 1970s. But within the last decade, the fracking revolution reestablished the United States as the world’s energy superpower.
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Efforts to block and sabotage pipelines hurt jobs, economic growth, middle class, human safety.
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It is one of the many, many reasons our nation’s Founding Fathers profoundly limited government. They trusted businessmen much more than they trusted government bureaucrats.
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At the end of September, the Organization of Petroleum Exporting Countries (OPEC) surprised the markets by agreeing to a production cut.
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Separating reality from ideology and political agendas is difficult, but essential, if we are to revitalize our economy and help the world’s poorest families take their rightful places among Earth’s prosperous people. Energy reality is certainly in our favor. But ideological forces are powerful and persistent.
