Shooting Oil in a Barrel – Doomberg
The US is still the largest producer of oil and gas in the world, making its energy policy and the desire of foreign powers to influence it no less important than it was then. Longtime readers of Doomberg will know we have been critical of America s energy strategy and have spilled much ink describing the predictable consequences of its obvious blunders. By closing existing nuclear power plants, opposing the development of reliable fossil fuels at virtually every opportunity, attacking existing energy infrastructure choke points, and constraining capital for future development, the behavior seems virtually indistinguishable from what we would be doing if an adversarial foreign power were in charge of our affairs.