An amazing fact, the US is surpassing Saudi Arabia as an oil producer.    This has been done entirely thanks to the efforts of the private sector, and in the face of efforts by this administration in particular to discourage domestic energy production.  Makes one wonder what the country could do if the government would just get out of the way of all industries.

From the article:

  "In spite of the Obama Administration's hostility to carbon-rich energy, private actors with private capital deployed on private (and state) land have launched a game-changing revolution in domestic oil and natural gas production.

A scarcely reported milestone conveys the magnitude of this turnaround in the global energy landscape.

The U.S. passed Saudi Arabia as the world's largest petroleum producer in November 2012, according to recently released data of the federal Energy Information Administration.

Over the last five years, domestic oil output has risen 40% and continually outpaces projections. Last year, domestic output increased by 800,000 barrels per day. This is the largest increase in annual production since the first oil well was drilled in 1859 in Pennsylvania.

The U.S. is primed to become the world's dominating energy powerhouse for decades to come unless President Obama elects to quash this private sector stimulus of enormous proportion."

Meanwhile, this administration's feeble attempts to pick winners and losers in the economy fails once again.

Fisker electric car manufacturer lays off 75% of it's US workforce, likely in anticipation of an imminent bankruptcy, but only after sucking down 500 million in taxpayer money.  Thanks, Obama, for squandering another half billion dollars of hard earned money.