November 20, 2013

Around the Nation: Oil Boom, Ethanol Bust

By 2015, the U.S. will top Russia and Saudi Arabia as the world’s leading oil producer and, within 20 years, will near energy independence.

In good news from the energy independence front, the International Energy Agency (IEA) recently announced that by 2015, the U.S. will top Russia and Saudi Arabia as the world’s leading oil producer and, in the next 20 years, will near energy independence. We first reported this story last month, but this month we highlight that the boon is due in large part to the success of hydraulic fracturing (“fracking”) in tapping vast reserves in North Dakota and Texas. Long the nemesis of environmental zealots, fracking is not only safely reducing reliance on foreign sources of energy but is also continuing to disprove the alarmist claims of the environmental lobby.

Meanwhile, in other energy news, the EPA is finally facing facts regarding its green-lobby-appeasing renewable fuels standard and has proposed a reduction to the standard for 2014. The move is all but an admission that the mandate – which requires that 36 billion gallons of renewable fuel be blended into the nation’s gas supply by 2022 – is bad policy. Indeed, shrinking demand for gas has led to a scenario in which the increasing ethanol-to-gas ratio threatens to damage automobiles. The environmental lobby is naturally (pun intended) calling the move a “capitulati[on] to the oil companies.” In truth, the move is a capitulation to facts. And although the EPA’s step is a small one, it’s a step in the right direction.

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.