Victor Davis Hanson: America’s Big Fat Advantagetags: Victor Davis Hanson, patriotism, meritocracy, American exceptionalism
For all the Obama-era talk of decline, there is at least one reason why America probably won’t, at least not quite yet.
“Peak oil” and our “oil addiction” were supposed to have ensured that we ran out of either gas or the money to buy it. Now, suddenly, we have more gas and oil than ever before. But the key question is: Why do we?
The oil-and-gas renaissance was brought on by horizontal drilling and fracking that opened up vast new reserves that were previously either unknown or considered unrecoverable. Both technological breakthroughs were American discoveries, largely brought on by entrepreneurial mavericks and engineers exploring on mostly private lands. Couldn’t the Saudi, Venezuelan, or Nigerian oil industry have discovered these new methods of resource recovery, given their nations’ reliance on petroleum exportation?
comments powered by Disqus
- Harvard's Steven Shapin Wins History of Science Award
- Middle East Studies Association Fights a Rising Tide of Critics
- Juan Cole says the postwar Middle East governments were modeled on the Soviet Union, though not communist (interview)
- Ted Widmer picks the 5 best presidential books worth reading
- AHA backs California's LGBT History law