Magazine April 2, 2012, Issue

Past The Pump

Exploiting our oil reserves would transform our economy

Driven by new technologies and discoveries — and by rising global demand — America’s recoverable reserves of crude oil are soaring. And U.S. oil production would be soaring, too, were it not for the Obama administration’s systematic effort to reduce it.

To be sure, domestic production is increasing, but only because a historic boom in oil production on private and state-owned land is making up for a significant constriction of production on federal land and federally controlled offshore areas, which in recent decades is where about a third of U.S. oil has been produced. According to the Department of Energy, oil

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Mario Loyola is a senior fellow at the Competitive Enterprise Institute, the director of the Environmental Finance and Risk Management Program of Florida International University, and a visiting fellow at the National Security Institute of George Mason University. The opinions expressed in this column are his alone.

In This Issue

Articles

Politics & Policy

Past The Pump

Driven by new technologies and discoveries — and by rising global demand — America’s recoverable reserves of crude oil are soaring. And U.S. oil production would be soaring, too, were ...

Features

Books, Arts & Manners

Politics & Policy

Saving Sovereignty

American progressives from Woodrow Wilson and John Dewey to Barack Obama and Ruth Bader Ginsburg have long expressed dissatisfaction with what they see as the constraints of an outmoded 18th-century ...
Politics & Policy

Worth a Kingdom

The English don’t mind if their king has a mistress provided she is what they call “a good sort.” This can mean English, a daughter of the people, and happy-go-lucky, ...

Sections

Politics & Policy

The Week

‐ Newt Gingrich has a flair for the dramatic, except when the stage directions read “Exit stage right.” ‐ Many Republicans have bought the Democratic/media line that the administration’s attack on ...
Athwart

Olive Garden State

The Internet has made it so easy to make fun of nice little old ladies. Kids today have no idea how much effort it used to take. In the old ...
Politics & Policy

Poetry

WHAT’S REALLY WRONG Admit it: what disturbs you isn’t flaws within the grand design, not that or this ironic fealty to effect and cause within the cosmic lottery. Dismiss the phony, brief, and adolescent shock at ...
Happy Warrior

Bringing It Home

A year or two back, I started using the city of Bangalore as an all-purpose shorthand for emerging economies. If you’ve heard me on air or in person, you’ll know ...
Politics & Policy

Letters

A War in Photos Reading John Derbyshire’s story “O Valiant Hearts” (March 5) on the significance of his father’s picture with Private David Seaton, I was reminded of a picture from ...

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