From Canada to Colombia to Brazil, oil and gas production in the Western Hemisphere is booming, with the United States emerging less dependent on supplies from an unstable Middle East....What will the world be like when we don't depend on the Middle East anymore? They depend on our dependence. What will they be like if/when we don't particularly care?
Oil produced in Persian Gulf countries — notably Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq — will remain vital to the world’s energy picture. But what was once a seemingly unalterable truth — that American oil production would steadily fall while the United States remained heavily reliant on Middle Eastern supplies — is being turned on its head....
Production has risen strikingly fast in places such as the tar sands of Alberta, Canada, and the “tight” rock formations of North Dakota and Texas....
Perhaps the biggest development in the worldwide realignment is how the United States went from importing 60 percent of its liquid fuels in 2005 to 45 percent last year. The economic downturn in the United States, improvements in automobile efficiency and an increasing reliance on biofuels all played a role.
And what will South America be like 10 years from now?
And what's stopping you from moving to North Dakota?
ADDED: Romney should make oil independence a big issue. This is a very exciting development — economically and geopolitically — and Obama is vulnerable.