America has a long history of achieving the impossible. We defeated the British. We landed on the moon. We invented the Internet. And now we can add horizontal drilling to the list of American innovations that have changed the world forever.
By unlocking oil and natural gas resources that were once thought to be unrecoverable, horizontal drilling has sparked an American energy renaissance that will revolutionize everything from job creation to balance of trade to national security. This advanced technology allows us to drill two miles down, turn right, go another two miles, and hit a target the size of a lapel pin. With technological advances in horizontal drilling, oil imports have dropped 26 percent since 2008. By 2017, the United States is likely to overtake Saudi Arabia as the world's largest oil producer.
Some may say this new abundance in oil and gas is due to hydraulic fracturing. However, fracking technology has been consistently in use for more than 60 years. What's new is horizontal drilling. In 2000, there were fewer than 50 horizontal drilling rigs in the U.S. and experts believed we had reached peak oil. In 2009, the Domestic Energy Producers Alliance issued its “Declaration of Energy Independents” due to the phenomenal turnaround caused by horizontal drilling.