Anybody hungry for a dose of good news should go to Bill Glahn’s blog for a cheery story on America’s growing energy independence.
Just when it seems that all the news is bad, a ray a light peeks through the clouds. Our dependence on foreign oil, a bugaboo for Presidents dating back to Nixon, has finally begun to recede. And the biggest reason can be found next door in North Dakota.
As with the natural gas revolution of recent years, the latest oil boom is powered by new drilling techniques, most notably the use of hydraulic fracturing, or “fracking.”
The U.S. Department of Energy’s Energy Informational Administration (EIA) reports that the share of imported oil fell below 50 percent in 2010, the first time imports represented less than half the total since 1999.
Read the whole thing.With Canada’s production booming, and big new discoveries popping up throughout the western hemisphere, one of the big national security nightmares of the last generation may be fading away.Maybe God still has a special providence for drunks, fools and the United States of America.