From the AP:
A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.
Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day — more than the entire Gulf of Mexico produces now…
Unless, of course, the Obama Administration can stop them. In the liberals’ endless efforts to hobble America and provide cold, hard cash to enemies who wish us dead, the EPA is now looking in to the practice to see if any liberal bed-wetters out there can cook up a reason to restrict or ban the practice. Doesn’t matter that the EPA investigated in 2004 and found no problem – now that we’re producing more domestic oil and look towards heavily reducing our dependence on imports, the EPA must act!
Outside of that, this goes towards two things I’ve been harping on – making more of our own stuff (or, in this case, drilling for more of our own stuff) and the fact that we don’t nearly utilize our resources to maximum efficiency. Its raining soup in the United States but government taxes and regulations prevent us from getting a bowl to hold it. If we can just take the lid of – if we can just free our economy from the dead hand of government – the growth we’ll experience will astound the world.
