STEVE MOORE: Five energy truths the media ignore as America’s oil boom blunts the Iran war’s impact
Steve Moore outlines five key truths about American energy production in the context of the ongoing conflict in Iran and its effects on global oil prices.
In the face of escalating tensions in the Middle East due to the ongoing conflict with Iran, Steve Moore presents five important truths about the current state of American energy that have been overlooked by mainstream media. He emphasizes that the United States is now producing more oil and gas than ever before, having surpassed countries like Saudi Arabia in energy production since 2022. By ramping up domestic production, the U.S. can insulate itself from foreign supply disruptions, allowing for greater energy independence even amidst global conflict.
Moore criticizes the Green New Deal, asserting that despite significant investments in renewable energy like wind and solar power—totaling $400 billion—these alternatives remain unscalable and fail to meet the country’s energy needs, with fossil fuels still supplying 80% of America's power. He argues that any perception of a shift toward renewable energy is misleading, as traditional energy sources remain dominant and critical to the nation's stability.
Furthermore, he reflects on the historical volatility of Middle Eastern energy supplies, noting that the region has proven to be an unreliable source of oil for the U.S. since the 1970s, with crises leading to price spikes nearly every decade. This pattern underscores the importance of U.S. self-reliance in energy production, especially during turbulent times, reinforcing the need to prioritize domestic resources over foreign dependency.