Bell bottoms, vinyl records, and black and white televisions were all common back in the 1970s. While there was nothing wrong with these commonplace items back then, they each are viewed as a bit out of step with today’s styles and modern technologies.
The same disconnect can occur with 40-year-old energy policy. Except instead of making your legs look funny, sounding scratchy to your ears, or depriving you of today’s high-definition television experience, the outdated design of a specific energy policy is costing you cold, hard cash.
Some good news on the Keystone XL pipeline front: TransCanada has announced that it is moving forward toward construction of the Keystone XL (KXL) pipeline.
As you may recall, in November Nebraska regulators approved a pipeline route for KXL through their state. However, the route that was approved differed from TransCanada’s preferred route for KXL, complicating the future of the project.
America's energy economy is soaring! National output is slated to set record highs and challenge global rivals in 2018!
"U.S. output is poised to surpass Saudi production for the first time since the early 1990s. The U.S. dominated global crude-oil production for much of the 20th century, first at home with giants like Standard Oil and later in Saudi Arabia, where U.S. companies operated the fields for decades."