Here’s something you aren’t likely to hear from Republican presidential candidates – American energy independence is truly within reach. Good news doesn’t fit the campaign storyline so you can’t blame them for not touting achievements such as:
— U.S. oil production is the highest its been since 2003.
— Natural gas production is growing so fast the government may approve an export terminal.
— The U.S. could pass Russia as the world’s largest energy producer by 2020.
These points and lots of other interesting info are in a Bloomberg report published this week.
Here’s an excerpt:
” … The U.S. has reversed a two-decade-long decline in energy independence, increasing the proportion of demand met from domestic sources over the last six years to an estimated 81 percent through the first 10 months of 2011, according to data compiled by Bloomberg from the U.S. Department of Energy. That would be the highest level since 1992. …
“The transformation, which could see the country become the world’s top energy producer by 2020, has implications for the economy and national security — boosting household incomes, jobs and government revenue; cutting the trade deficit; enhancing manufacturers’ competitiveness; and allowing greater flexibility in dealing with unrest in the Middle East.”
Sounds good doesn’t it.
Bloomberg report: Americans Gaining Energy Independence With U.S. as Top Producer