This resolution, on the docket of the current Congress, celebrates the hundreds of thousands of American independent, free-standing businesses, which my columns have called the “heart of America’s entrepreneurial drive.” This segment will be celebrated by Congress with a special day in the third week of November, once Congress confirms the resolution as anticipated.
I have also noted that the U.S.A. is the only nation in the world where the “independent” economic community dominates the largest part of its employment component and a quarter of all the nation’s gross domestic product at the manufacturing, distribution, end-user, installation and especially voluminous at the retail level.
The Exxon-Mobil top executive was extremely encouraging in citing the progress that U.S. technology has contributed to bringing America’s oil and natural gas into world leadership. Speaking of the success of “hydraulic fracturing” specifically, Wojnar is certain that U.S. production will reach at least 10 million barrels of oil a day in this decade. He expects an equally record-setting outburst by natural gas, topping Russia in both these fossil fuels’ production, as well as that of Saudi Arabia in oil exports, if U.S. Government crude oil restrictions are lifted.
This, he predicts, will make the U.S. a major provider of fossil fuels to the world’s growing population, as well as contributing to further renewable technology in the years to come. This will happen, Wojnar predicts, as the world population reaches the nine billion mark, from the present seven billion, by mid century.
Supply House Times Review