The central “good news” finding from BPC’s Strategic Energy Policy Initiative is that the United States enters the 21st century in a position of energy strength. Domestic oil, natural gas, and renewable energy production are up, while energy imports are down; new energy development is driving a jobs boom in many parts of the country; and lower energy costs are helping the U.S. manufacturing sector recover. Many of these recent positive developments are linked to the advent of improved drilling technologies that have made it economical to access vast new reserves of hydrocarbons.
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