America’s Energy Dominance: The Fruit Of Freedom On Our 250th
America’s Energy Dominance: The Fruit Of Freedom On Our 250th
FREDERIC J. BROWN/AFP via Getty Images
As we celebrate America’s 250th birthday, one of the finest blessings our Founders gave our nation stands out with particular clarity: the system of free enterprise. That system did not merely enable liberty and prosperity in the abstract.
It unleashed the human ingenuity, risk-taking, and capital allocation that turned America into the world’s unrivaled energy superpower.
From the coal age that fueled the Industrial Revolution, through the oil age that powered the 20th century, to the LNG age we now dominate, American free enterprise has repeatedly delivered technological leadership and abundance. No central planner designed these revolutions. (RELATED: The Sacred Call Of Every American Generation)
Entrepreneurs, engineers, and investors did, operating in a system that rewards results above political connections.
Today that legacy is unmistakable. The United States leads the world by a wide margin in the production of both oil and natural gas. We have also become the world’s largest exporter of liquefied natural gas, shipping reliable energy to allies across Europe and Asia who once relied on less friendly suppliers.
While some critics like to call this an accident of geology, they’re wrong. America’s LNG dominance is the direct result of the shale........
