U.S. Energy Independence Draws Near
Energy independence is a seed that has been planted in the minds of US citizens for years, but is it finally becoming a reality? According to a recent Forbes Insights survey of more than 100 executive-level decision makers at various energy companies, the United States could achieve energy independence within the next 15 years.
Energy independence all depends on how much fuel we can obtain within our country, and so far it has been rather significant. With controversial techniques such as hydraulic fracturing and horizontal drilling, energy companies are discovering vast amounts of oil and natural gas in places like the Marcellus Shale in New York and Pennsylvania, and the Eagle Ford deposit in Texas. Along with these areas, the billions of barrels of oil in the Williston Basin located in the Dakotas and Montana, will further push the US in the direction of energy independence. It has been recorded that North Dakota now produces approximately five hundred thousand barrels of crude oil each day, and production continues to rise.
According to the American Petroleum Institute (API), “The US has enough oil and natural gas to power 65 million cars for 60 years and heat 60 million households for 160 years.”
Along with natural gas and oil, renewable energy is also assisting with the goal of energy independence. The use of wind, solar, and hydropower energy are all increasing throughout the United States. Not only are renewable energy sources abundant and simple to use, but they also produce low carbon emissions and are quite environmentally friendly.
With several different forms of energy readily available throughout the United States, independence from foreign countries is sure to be just around the corner.
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