September 9, 2013

The Newest Energy Exporter

Over the last three years America has quietly almost doubled its exports of petroleum products.

One wouldn’t know it by the philosophy of the current occupant of the White House and his efforts to put an end to the Keystone XL pipeline plans, but over the last three years America has quietly almost doubled its exports of petroleum products to more than 100 million barrels a month. That’s not Saudi Arabia territory yet, but our nation has been blessed with abundant reserves and now has the technology to tap into them.

This surge in production is now being credited for increasing the second quarter GDP estimate from an anemic 1.7% to a more palatable 2.5% annual clip. Naturally, the administration is falling all over itself to take credit, with economic advisers Jason Furman and Gene Sperling posting on the White House website, “This is yet another reminder that the President’s focus on increasing America’s energy independence is not just a critical national security strategy, it is also part of an economic plan to create jobs, expand growth, and cut the trade deficit.”

The truth, however, is that the American energy boom is being realized despite the best efforts of Barack Obama.

True kudos go to the ingenuity and entrepreneurship of American businessmen and the good fortune of having much of the oil shale suitable for exploitation via fracking on private and state land, where it’s beyond the reach of the long regulatory arm of the Obama administration. And there’s an even bigger export prize waiting with increased export of natural gas – nearly two dozen companies are seeking permission from the federal government to export to countries outside those with which we have free-trade agreements.

The potential is there to restore America to the economic powerhouse it was before OPEC brought us to our knees 40 years ago. The question is whether we have the political will to do it.

Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2021 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.