Business

US Has First Full Month as Net Oil Exporter for First Time in 70 Years

U.S. oil exports have expanded rapidly in recent years as a result of many factors, including increased domestic production of crude oil and hydrocarbon gas liquids.

In the past half-century, the Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, had typically dictated oil markets. The rise of U.S. shale production, however, has changed that dynamic.

Economy That Undergirds Our Entire Civilization

As the United States becomes a net energy exporter, it gains the ability to contribute one of the foundational needs for economic prosperity in developing countries—reliable energy, Jason Isaac, senior manager at Life: Powered, told The Epoch Times.

“Ten years ago, we had over 18 percent of the world in severe poverty. Today, 10 years later, do you want to know who wins the 10-year challenge? Its humanity. Just over 8 percent of the worlds population is in severe poverty. And weve done that by getting people access to energy,” Isaac said.

He dismisses claims that increased fossil fuel production has led to greater environmental degradation in the United States.

“According to the EPA, that couldnt be further from the truth. Its getting cleaner. The United States actually leads the world in clean air,” he said.

Isaac said providing reliable, affordable energy to developing countries is an opportunity to lift millions of out poverty and save lives.

“They burn fuels such as wood or animal dung to heat and cool their homes,” he said. “Almost a million people a year die around the world from lung illness caused by indoor air pollution because they dont have access to energy. So they use what they do have available and so thats trees, animal dung, and things like that to eat and cook their food. We should want those people to get access to our energy and our energy resources and our technology that helps reduce pollution.”

Daniel Turner, founder and executive director of Power the Future, an advocacy organization for U.S. energy workers, echoed Isaacs views.

“What I think the left gets wrong is I think they dont have faith in American entrepreneurialism and in American technology,” he told The Epoch Times. “There is no doubt we used to be a dirtier country. Coal has gotten cleaner. Oil and gas has gotten cleaner. They dont have the faith that as time goes by, these technologies get better, they get smarter.”

Turner sayRead More – Source

Related Posts