- The American economy will gain important advantages that will ease the transition to a post-blue social model and promote social cohesion and public confidence in our economic model.
- Energy abundance will promote global economic growth, increasing global acceptance of liberal capitalism as living standards rise.
- The new geopolitics of oil will weaken hostile countries, strengthen friendly ones, and promote U.S.-China cooperation.
From all these points of view, the new energy picture is almost completely positive. Oil makes everything better. But the environmental question remains. Will an era of hydrocarbon abundance lead to an environmental catastrophe? Many greens are already warning that exactly this will happen. In the next and concluding post in this energy series, I’ll look at those issues.Image courtesy Shutterstock.