• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • oil reserves

    We Are Drilling, Baby! U.S. Passing Saudi Arabia in Oil Production

    What do you know—“Drill, baby, drill” is working. Thanks to new smart-drilling and production technologies (including hydraulic fracturing), the U.S. is the leading liquid fuels producer in the world and will soon be the world’s largest producer of petroleum. And we would be even further in the lead if we … More

    Running Out of Oil?

    As recent as last summer an article in The Independent, citing assessment from the lead economist at the International Energy Agency (IEA) warned that “The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world … More