The energy triumph of the United States
It’s not 1973 anymore, and that’s a very good thing for the United States. Back then, the U.S. imported more than a third of its oil, much of it from the Middle East, and it paid the price. Now, it’s in a transformed position. “Drill, baby, drill” is arguably the most successful public policy of the past 20 years. It started life in 2008 as a catchphrase coined by Michael Steele, former lieutenant governor of Maryland, and has now been effected, with enormous economic and strategic benefits to the United States. On top of sweeping innovations forged by private industry, ...