Forget About the Environment: We’ve Found More Oil!

Conventional wisdom has it that the United States is a declining producer of energy, and that we’re likely to need more imports unless we can work our way off of fossil fuels. But a recent New York Times article paints a different picture.

“In the last five years, the United States and Canada combined have become the fastest-growing sources of new oil supplies around the world, overtaking producers like Russia and Saudi Arabia,” the Times reported.

Will the U.S. become the new Middle East? And, if so, how has it happened? The short answer to question one is that it is now a distinct possibility we could become the world’s leading producer of oil and gas. As for how it happened, the one-word answer is, “technology.”

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