The Wenatchee World

Weather:

Weather

Five-day forecast

Remove this weather forecast

Overnight

Lo45° Rain

Thursday

Hi63° Rain Likely

Thursday Night

Lo43° Mostly Cloudy

Friday

Hi61° Partly Sunny

Friday Night

Lo41° Partly Cloudy

Saturday

Hi62° Partly Sunny

Saturday Night

Lo40° Slight Chc Showers

Sunday

Hi61° Slight Chc Showers

Sunday Night

Lo41° Slight Chc Showers

Monday

Hi62° Mostly Cloudy

In oil and gas, we’re the top

Send to Kindle
Print This

We could use some good news this week, and here it is courtesy of The Wall Street Journal: The United States is now or soon will be the world’s largest producer of oil and natural gas. We’re No. 1.

The International Energy Agency estimates the United States now produces the equivalent of 22 million barrels of oil and natural gas per day, the Journal reports. Russia, the former or soon to be former No. 1, produces an estimated 21.8 million barrels per day. This, as we say in our cliché-ridden world, is a remarkable turnaround. Just seven years ago we were an energy-starved glutton stumbling along with declining fossil fuel production, rising imports, suffering from permanent dependence on unfriendly oil exporting nations, with politicians of all stripes claiming we could reach our liquid “energy independence” by subsidizing corn, burning food and fermenting grass. As they spoke, human ingenuity and the profit motive were hard at work finding ways to extract heretofore trapped oil and gas from deep shale formations. Despite environmental resistance and government reluctance, it has proven to be remarkably abundant.

View my optionsorSign in