If America wants to get serious about turning this economy around, getting people back to work and weaning ourselves from dependence on countries who hate us, then we need to focus on our domestic energy resources.
This is a no-brainer solution that the GOP should embrace whole-heartedly.
I've often said that America is the Saudi Arabia of natural gas. We have enough resources in our own country to last for at least 100 years. A study released this week by PIRA Energy Group confirms this fact: The United States will replace Saudi Arabia as the top oil producer by the end of this year. This is mostly thanks to our advances in fracking technology. According to the Daily Caller, “Since 2009, the daily output of these [shale] formations has increased by 3.2 million barrels, the greatest increase in fossil fuel production since Saudi Arabia in the early 1970s.” If the United States continues at this rate, the US will remain the top oil producer in the world until at least 2030.
Our focus on energy is important for domestic security and also would allow us to free ourselves from the international ties that bind us to countries who hate us. There is no reason to be reliant on these nations if we have the capability to be energy independent.
But a huge motivating factor in developing our domestic energy resources is the effect it will have on jobs and the economy. States like Texas and North Dakota have some of the lowest unemployment rates in the country – North Dakota with the absolute lowest of just 3 percent! Even people who move to North Dakota are able to find work at places like Wal-Mart and McDonalds for $15-$17 because demand is so high. The success in Texas is equally as impressive: “If Texas were a country, it would be the third largest natural gas producing nation on earth, and the 13th largest oil producer.” That has led to … you guesses it … job creation! According to Forbes: “In April , energy-driven Texas created 33,100 jobs — more than any other state, and nearly a fifth of all the jobs created in the U.S. In the two years following the end of the recession in June of 2009, 37 percent of all new jobs in the U.S. were created in Texas.” A similar thing is happening in Pennsylvania due to shale development in that state.
But we could be doing even more. As many point out, most, if not all, of this success is happening on private land in America. Imagine what could happen if the federal government would allow for us to tap into the resources on public land as well. I'll tell you what could happen: “A recent study by the Institute for Energy Research concluded that just by increasing access to oil and gas production on federal lands, we could create almost 2 million jobs annually over the next 30 years and generate a $14.4 trillion increase in economic activity through 2050.” Wow, that's unbelievable! We are truly dumb for not jumping on that opportunity immediately.
Unleash our resources. Unleash the ingenuity of American innovators. Unleash the work ethic of Americans desperate to work hard and earn a good living. We have the ability to be a thriving nation … if liberals and big government would only get out of the way.