According to a recent Newsmax article, we could be energy independent and more prosperous; but Obama is standing in the way! 1. U.S. Can Be Energy Independent in a Decade The United States and Canada together have the energy resources to make America completely independent of foreign liquid fuel supplies by 2024, according to a new report commissioned by the American Petroleum Institute. The United States is on the cusp of energy self-sufficiency and security through reliable, affordable, and abundant supplies of domestic oil and natural gas that can sustain and empower us well into the foreseeable future, the report stated. In fact, the U.S. is already the global leader in oil and natural gas production and together with Canadian energy supplies could produce more than 100 percent of its liquid fuel needs by 2024. But Jack Gerard, president and CEO of the API, cautioned: The question before us today is whether we have the vision and wisdom to take full advantage of our vast energy resources. The report refers to the Keystone XL pipeline, which could transport up to 830,000 barrels of oil daily from Canada and the U.S. Bakken shale formation to American refineries, but has not yet been approved by the Obama administration.
Posted on: Mon, 27 Jan 2014 05:34:48 +0000