America’s Big Fat Advantage – Victor Davis Hanson

The oil and gas renaissance was brought on by horizontal drilling and fracking that opened up vast new reserves either previously 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?

via America’s Big Fat Advantage – Victor Davis Hanson – Page 1.