Energy independence and energy security


By Jeffrey Voacolo

The start of one of the biggest booms and technology shifts in U.S. history was kindled by the Spindletop oil field discovery in 1901 in a little town of Springfield, Texas.

Within 15 years, there wasn’t a horse and buggy on any street. By the 1920s, we saw growth unsurpassed as our mobility increased with Henry Ford’s Model A and factories across the United States were chugging away at full capacity.

Black oil—or “black gold,” as the Texans called it— made America what it is today. Even today, no matter where oil is produced, the price is fixed to the Gulf of Mexico and its oil production.

Oil was so plentiful that in some areas across Texas, Oklahoma and the Southwest, you could scrape the dirt away literally and oil would bleed out of the ground. Oil was plentiful and cheap.

Little did we know then the impact this fuel burning would have on our planet.

Fast forward a hundred years later and we are in a whole different situation. Once America took full advantage of the benefits of oil, transportation, industry and steel mills, so did the rest of the world.

Even today, developing countries are destroying their environment for the betterment of capitalism. Believe me, I am a capitalist but not at the expense of destroying this planet for my grandchildren and great-grandchildren. I believe we should all leave this world a better place, not make as much money as we can now so our linage has no future, or leave them with a destroyed world that they will inherit at our expense or pleasure.

Now, the next energy shift is here, and it is coming hard and fast. Just like the cellphone and fiber-optic industries did in the 90s, it has experienced a 20-year evolution or metamorphosis and is growing wings.