Time to Unlock America’s Vast Oil and Gas Resources
The doubling of U.S. oil production between 2008 and 2015 is an amazing story of American ingenuity, persistence, and, of course, drilling. The story is made more amazing by the fact that federal energy policy actively hindered this energy renaissance as it was taking place. What sort of energy powerhouse, then, could the U.S. be with an energy policy that unleashes America’s total energy productivity? The combination of a rational regulatory environment with open access to energy sources would put a 50 percent increase within reach. Heritage Foundation energy policy analysts explain the Heritage Energy Model that shows these results, and how needless regulations hurt American consumers and companies.