For over 40 years, America was vulnerable to foreign regimes that used energy as an economic weapon. Americans’ quality of life was diminished by the idea that energy resources were too scarce to support our people.
We always thought that, and actually at the time it was right to think. We didn’t think we had this tremendous wealth under our feet. Many of us remember the long gas lines and the constant claims that the world was running out of oil and natural gas.
Americans were told that our nation could only solve this energy crisis by imposing draconian restrictions on energy production. But we now know that was all a big, beautiful myth. It was fake.