The story of the shale revolution is not just the scuttled claims that we’re running out of energy resources. It is also an important lesson about American exceptionalism and the conditions that made this breakthrough possible.

The shale revolution likely could not have emerged and resiliently endured in any country other than the U.S. The still young energy miracle is an achievement of technological innovation, determination, and economic freedom operating within a country that respects free enterprise and competitive markets.