There was once a time when drilling our own oil fields was frowned upon. It seems those days are behind us. Why was drilling our oil fields frowned upon? In the 1970s and 1980s a decision was made to tap into overseas oil supplies in the hopes of conserving our oil. As with just about everything else new technology has come along.
finance.yahoo.com
For the first time in 70 years the United States is a net petroleum exporter.
Hopefully a lot of that went to nations like Germany which depend heavily on oil from Russia. A lot of hype has been made about Russian influence on western nations, but little has been discussed about Europe being dependent on Russian oil.
U.S. Posts First Month in 70 Years as a Net Petroleum Exporter
(Bloomberg) -- The U.S. solidified its status as an energy producer by posting the first full month as a net exporter of crude and petroleum products since government records began in 1949.The nation exported 89,000 barrels a day more than it imported in September, according to data from the...
For the first time in 70 years the United States is a net petroleum exporter.
Hopefully a lot of that went to nations like Germany which depend heavily on oil from Russia. A lot of hype has been made about Russian influence on western nations, but little has been discussed about Europe being dependent on Russian oil.