Have Liberals Ever Been Right About Anything?

[Valin]

Power Line

Steven Hayward

June 12 2019

Cast your mind back to about 2008 or 2009, when Democrats and the media mocked Sarah Palin for leading the chant “drill, baby, drill” as a remedy for our dependence on foreign oil. All the smartest people—like Obama and John Kerry!—told us that it was impossible for us to “drill our way out” of out oil and natural gas dependency: the U.S. simply didn’t have enough produceable oil and gas reserves, etc.

Well, ten years later where are we? The world’s largest oil and gas producer. We’re now exporting both energy commodities. As recently as 2005 the Department of Energy was still projecting that by 2020 the U.S. would need to import as much as 20 percent of its natural gas needs. So we started building LNG terminals to handle the imports. Handy that turned out to be—now they are serving as export terminals.

Here’s the Bloomberg headline from yesterday:

U.S. Oil and Gas Output Surges the Most Ever for a Single Country

(Snip)