Say it ain't so!

This is an absolute shocker for those who believe the US will be energy independent in the future.  The big energy plays in gas aren't making any money.

  It shouldn't shock anybody to learn why this blessed event of energy independence won't happen. It's the guvment.

Published on Zero Hedge (http://www.zerohedge.com)

Home > Guest Post: The Myth Of U.S. Energy Independence

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Guest Post: The Myth Of U.S. Energy Independence

By Tyler Durden

Created 04/02/2013 - 21:52

There is no hope whatsoever of so-called U.S. "energy independence" unless three things happen. First, environmental rules have to be wound back to 1970 standards -- in other words, disband the EPA and make civil plaintiffs show actual harm, not just hypothetical harm because someone goofed on a sheaf of mandated paperwork. Second, stop wasting taxpayer money on nonsense like $25 per gallon biofuel. Third and most urgently, stop subsidizing Wall Street. Let the market decide what interest rates make sense, rewarding companies who can find and produce oil, instead of gorging themselves sick on artificially cheap junk bonds that money-losing shale swindlers will never pay off.

• Belgium
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• Capital Expenditures
• China
• Congressional Budget Office
• Crude
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• Federal Deficit
• Federal Deposit Insurance Corporation
• Federal Reserve
• Ford
• Free Money
• Guest Post
• India
• Japan
• Mexico
• Middle East
• Natural Gas
• Obamacare
• OPEC
• Reality
• Rex Tillerson
• Saudi Arabia

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Source URL: http://www.zerohedge.com/news/2013-04-02/guest-post-myth-us-energy-independence