The narrative of energy scarcity is a fiction: North America is not only energy-wealthy, it is energy-wealthy beyond most people’s comprehension.
For decades now, the energy-narrative of North America, particularly the United States has been one of energy scarcity. We’ve been told, repeatedly, that the U.S. has surpassed “peak oil,” and 6 years ago, people were so worried about natural gas supplies that we were talking about importing liquified natural gas from abroad (More on that here).
But the narrative of energy scarcity in North America is a fiction: We are not only energy-wealthy, we are energy-wealthy beyond most people’s comprehension. Energy policy analyst Mark Mills spells out the energy potential of North America in a new report published by the Manhattan Institute.