There is a phenomenal development afoot. It is delivering benefits to you. Many people want to stop it. But they will fail.

The development is oil and natural gas. On this continent. New technologies have brought forth at least 100 years’ supply of natural gas for us.  So much natural gas that its price has fallen 75 percent.  (A pity for those who claim big outfits conspire to fix energy prices. Do they think big gas companies welcome such low prices?)

New technologies have located and tapped vast oil reserves in North Dakota. This is apparently the fourth largest oil find in our history. Some engineers predict it will become the largest ever.

Such technologies are creating new oil and gas sources in Europe, the UK, Brazil, Argentina and other parts of the world. Just as other technologies have turned Canada’s oil sands into an immense pool of oil.

To give you a sense of the size of this: In recent years about 6000 new oil wells have been drilled in North Dakota.  Ninety percent of them make money. (An incredibly high percentage in the history of oil drilling.) Within two decades there may be nearly 50,000 wells in the state.

Here are some of the benefits. We worry that unfriendly foreigners hold the U.S. to ransom. They abuse us. Because we need their oil. In 2005 we had to import 60 percent of our oil from offshore. Today the figure is 49 percent. And falling rapidly.