Today
we sit at a crossroads in both the economic future of the United States
and the energy model that will fuel the world over the next century.
Texas is positioned to be one of the biggest winners in what promises to
be a disruptive shift in the world's energy production and economic
leadership. Texas sits at the intersection of a past where energy was
ostensibly cheap but expensive in ways few would acknowledge and a
future where energy is no longer taken for granted.
The price of a century of cheap oil
The global energy mix of the past few decades has been based largely on fossil fuels, particularly oil sourced from some of the most hostile regions of the planet. The negative implications of this have been numerous.
Energy is vital to modern economies. The remarkable ascendance of the U.S. in the decades since World War II would not have been possible without cheap, uninterrupted access to energy, and oil in particular. Because of this, the U.S. has been forced into numerous uncomfortable situations politically and economically. It has been forced to embrace foreign despots whose policies and tactics run counter to American ideals. Painful compromises have been made in order to maintain the political stability necessary to keep the oil that powers American prosperity flowing.
Worse, the steady flow of capital out of America into these oil-producing regions has shifted a large portion of American treasure into the hands of people who despise the American ideology of freedom, tolerance, and opportunity. They use American money, the fruits of American labor, to attack these very ideals.
Read more: http://www.americanthinker.com/2012/05/on_texas_energy_and_opportunity.html#ixzz1tz9VsWOp
The price of a century of cheap oil
The global energy mix of the past few decades has been based largely on fossil fuels, particularly oil sourced from some of the most hostile regions of the planet. The negative implications of this have been numerous.
Energy is vital to modern economies. The remarkable ascendance of the U.S. in the decades since World War II would not have been possible without cheap, uninterrupted access to energy, and oil in particular. Because of this, the U.S. has been forced into numerous uncomfortable situations politically and economically. It has been forced to embrace foreign despots whose policies and tactics run counter to American ideals. Painful compromises have been made in order to maintain the political stability necessary to keep the oil that powers American prosperity flowing.
Worse, the steady flow of capital out of America into these oil-producing regions has shifted a large portion of American treasure into the hands of people who despise the American ideology of freedom, tolerance, and opportunity. They use American money, the fruits of American labor, to attack these very ideals.
Read more: http://www.americanthinker.com/2012/05/on_texas_energy_and_opportunity.html#ixzz1tz9VsWOp
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