That doggone good news just keeps piling up. Why, I just don’t know what to do with myself as I look at this stuff.
Did you know, for example, that by the end of 2014 the United States of America likely will be the world’s top producer of oil and natural gas?
All those pump jacks you see bobbing along the vast West Texas landscape suggest to me that hundred-dollar-per-barrel oil is paying some dividends for the U.S. of A.
Bloomberg reports that American oil production surpassed Russia and Saudi Arabia earlier this year. We’ll be No. 1 soon, according to the business news outlet.
Let’s add natural gas to the mix. Oil production is up 49 percent since 2008, according to Bloomberg. Adding natural gas to the mix boosts the increase way beyond even that impressive figure.
On the flip side, there’s even more good news. We’re using less fossil fuel because of more fuel-efficient motor vehicles. Hmmm. Interesting, yes? Is that because that big, mean old government has required vehicles to burn fuel more efficiently?
And what about all this doom-and-gloom talk about how the feds were intent on “destroying the oil industry” by making it so difficult to explore for these fuels? Has the destruction occurred? Not by a long shot.
A favorite mantra among politicians of all stripes is the need to rid this nation of its dependence on foreign fossil fuel, particularly the fuel that comes from those crazy places like the Middle East.
Let’s see. I think we’re doing that.
The Bakken Field in North Dakota and Montana appears to contain the largest reserve in world history. Canada continues to be our friend by producing copious quantities of fossil fuel. However, let’s be mindful of yet another cheerful development: We’re importing a smaller amount of our oil — from friend and foe alike — than at any time in our history.
Gosh, I hate be the bearer of good news when we’re frothing over all these foreign crises.
Oh, I’m just kidding. I kind of like trying to add a little fuller context to the gloominess that seems to energize so many Americans.