Enough Oil?

A report for November 2011 indicated that, for the first time in forty years, the U.S. was a net exporter of petroleum products.  Liberals seized on this report as evidence that the U.S. needs no acceleration in drilling, no XL pipeline -- indeed, no new exploration or production of any kind. This was the point of a politicsusa.com piece by Ray Medeiros appearing on January 2.  In this piece, the author referred to drilling for energy independence as "the big GOP lie" and noted that America is already exporting oil products.  The "ONLY real solution," Medeiros writes, is more government regulation and increased subsidies for green energy. How mistaken liberals are, especially when it comes to energy independence. First of all, the export of energy products such as refined fuel, kerosene, and lubricating oils bears no relation to the importation of oil, which still proceeds at 9 million barrels per day.  If anything, the two figures operate inversely: the more...(Read Full Article)