One Benefit From Shale Oil

Mark Perry AEIFrom  D. Mark J. Perry – American Enterprise Institute

Environmentalists these days tend to fight against any energy source except solar and wind. The US went from being a major exporter of oil many decades ago to having to import over 60% of our needs in 2005.

However, even with regulations attempting to strangle our energy supplies, the private, productive sector – you know, those awful oil companies – have developed new technologies creating a new oil

boom in the US.  Mark Perry at the American Enterprise Institute reported that by early this year, there has been a major turnaround in US oil imports. First time commenters, please enter your zip code.

Oil imports in 1Q2014 were less than half the percentage in 2005! Read Mark Perry’s article at AEI.

 

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