Dead Wrong on Oil
Remember when oil was at $147 and Obama and the Democrats constantly claimed "We can't drill our way to lower oil prices"? Well, it turns out we can.
Remember Obama and other Democrats constantly repeating this line: "We can't drill our way to lower oil prices."
That was when oil was at $147. It's at $35 today. Enjoying that $1.96 gasoline? Yeah, I thought so.
As I've been writing for 20 years, technology just keeps increasing the amount of recoverable oil (the second most abundant liquid on the planet). We've been being told oil would run out "within a few years" since the 1880s. In fact, America -- which was told it was in irretrievable decline just 8 years ago -- has almost doubled its production in that time. We are now the world's biggest producer, even bigger than Saudi Arabia.
Thank you technology. And capitalism. No thank you Hillary.
My friend Stephen Moore writes a great piece on this in today's Washington Times. -- RDM
Dead Wrong on Oil
The green doomsayers have repeatedly claimed the fuel is disappearing
by Stephen Moore
December 27, 2015
It would be hard to find anyone in all of America who has been more wrong on the American e…