Thomas Lifson
According to the Congressional Research Service, which nation has the largest energy reserves of all? Surprise! It is the United States. Peter C. Glover of the Energy Tribune writes:
In case anyone missed it, let me repeat something that is of a magnitude of 10 on the scale of news-quakes for Joe Public USA: America's combined energy resources are, according to a new report from the Congressional Research Service (CSR), the largest on earth. They eclipse Saudi Arabia (3rd), China (4th) and Canada (6th) combined - and that's without including America's shale oil deposits and, in the future, the potentially astronomic impact of methane hydrates.It is scandalous that the United States imports an ever-increasing share of our energy, dependent on the world oil market and its many nefarious oil powers. Glover writes:
The energy facts in the CRS report should be making front page news all over America. Mostly it isn't. Given the devastating news from Japan and New Zealand, it may be right to postpone dancing in the streets. But something else is going on. Even though they are going to dominate global energy supply for decades to come the insidious war on vital fossil fuels continues apace.
Obama's State of the Union address made it perfectly clear that his energy paradigm remains wedded to a non-fossil-fuelled notion of a carbon Neverland that insists that erratic, under-performing windmills can do the job equally well. Meanwhile a myriad cast of characters are lining up to tell the Emperor that he and his energy policies have no clothes - and not just the usual suspects either.