The two biggest winners look to be Canada and the United States. Canada, with something like two trillion barrels worth of conventional oil in its tar sands, and the United States with about a trillion barrels of shale oil, are the planet’s new super giant energy powers. Throw in natural gas and coal, and the United States is better supplied with fossil fuels than any other country on earth. Canada and the United States are each richer in oil than Iraq, Iran and Saudi Arabia combined.
Does Obama do or say anything to suggest that he gets this? We have a President who thinks it would be politically awkward to approve the Keystone pipeline from Canada before the election. Meanwhile, his ardor for solar, wind and electric cars seems undimmed.
Electric cars will take their place alongside flying cars as utterly obvious advances that never quite arrived. Well, until we have cars running on natural gas powered fuel cells, which arguably shouldn't count.