Washington Post columnist David Ignatius pens an optimistic description of "Our Plentiful Future." According to analysts he cites, the US could reduce its energy imports to 22% by 2020 due to our natural-gas boom, and reduce our dependence on the unstable Middle East even more due to Canadian supplies. In turn, this will decrease the cost of manufacturing at home, a high percentage of companies which have outsourced to China bringing several million jobs home.
What Ignatius fails to mention is that with regulatory interference and increased taxes, the Obama administration is doing everything it can get away with to puncture these possibilities. Leaving out that important blockage, Ignatius is engaging in the happy talk that comes from an Obama supporter.