Securing America’s energy advantage
America's energy revolution can be the key to its competitiveness. This has OPEC and Europe worried.
America's energy revolution can be the key to its competitiveness. This has OPEC and Europe worried.
The amount of money flowing into European green energy from governments and the private sector collapsed from $132 billion in 2011 to $58 billion last year.
Wind and solar power nearly fried Germany’s power grid, but the disaster was prevented when the German government paid consumers to use electricity.
Europe’s plans to reduce carbon dioxide (CO2) emissions by switching from conventional oil to biofuels actually ended up increasing emissions.
James Rust, taking a note from Peter Glover's article about Russian energy imperialism, suggests the U.S. should step up its own energy production and liberalize our oil and gas export laws to provide Europe with the means to thwart Russia's bold geopolitical strategy. Of course, the Europeans might do well to reverse their own anti-energy-production policies. The key is to remember that fossil fuels production is a manufacturing process that drives economic growth.