US to become a net energy exporter

Bloomberg reports:

Donald Trump will tout surging U.S. exports of oil and natural gas during a week of events aimed at highlighting the country’s growing dominance.

The president also plans to emphasize that after decades of relying on foreign energy supplies, the U.S. is on the brink of becoming a net exporter of oil, gas, coal and other energy resources. …

“The fact that we’re no longer in the age of energy scarcity — that we’re in the age of energy abundance — positions the in a totally different place,” said Dave Banks, a special assistant to the president for international energy. “This gives access to affordable, reliable energy in the United States, and gives the U.S. a major competitive advantage.”

This is pretty remarkable. For decades the US has been critically dependent on importing energy sources such as oil. And within a short period of time they have gone from critically dependent to becoming a net exporter.

Also worth recalling is all the doomsday prophets such as the Greens who insisted the world had reached peak oil and we were facing decades of energy scarcity. They were totally wrong.

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