energy independence

07 Feb 2012 09:02 #1 by Blazer Bob
"The U.S. is the closest it has been in almost 20 years to achieving energy self-sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo triggered a recession and led to lines at gasoline stations.

Domestic oil output is the highest in eight years. The U.S. is producing so much natural gas that, where the government warned four years ago of a critical need to boost imports, it now may approve an export terminal.

Methanex Corp., the world’s biggest methanol maker, said it will dismantle a factory in Chile and reassemble it in Louisiana to take advantage of low natural gas prices."


http://fuelfix.com/blog/2012/02/07/amer ... ependence/

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07 Feb 2012 09:16 #2 by FredHayek
Replied by FredHayek on topic energy independence
Do you think Barack Obama will trumpet this achievement when he talks to his base?

Thomas Sowell: There are no solutions, just trade-offs.

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