U.S. oil future is bright, if policies will allow it

Obama's energy policy has championed “green” projects that mostly drain millions from tax coffers before going bankrupt (i.e. Solyndra) rather than fostering domestic production of fossil fuels.

In a political version of the rooster who claims his crowing made the sun rise, Obama often bragged on the campaign trail that domestic energy production increased on his watch — even though he had nothing to do with it. The IEP report shows he could continue to reap the benefits of others' work on energy production by simply getting the federal government out of the way.