Americans have been led to believe that the United States has limited energy resources. But the reality is that the U.S. has the world’s largest combined natural gas, oil and coal resources. In fact, we are currently the world’s largest natural gas producer — and by next year, we will be the world’s largest oil producer.

Not only do we have vast energy resources, but also energy production is booming. Over the last five years, domestic oil production increased 53 percent, and natural gas production increased 15 percent. These increases reversed nearly 40 years of declining production.