Dschrute3
Gold Member
- Dec 10, 2016
- 15,572
- 1,871
- 290
Nice job Trump. It's time to limit our reliance on foreign oil.
U.S. crude oil production is flirting with record highs heading into the new year, thanks to the technological nimbleness of shale oil drillers .
The current abundance has erased memories of 1973 gas lines, which raised pump prices dramatically, traumatizing the United States and reordering its economy. In the decades since, presidents and politicians have made pronouncements calling for U.S. energy independence.
President Jimmy Carter in a televised speech compared the energy crisis of 1977 to “the moral equivalent of war.”
“It’s a total turnaround from where we were in the ’70s,” said Frank Verrastro, senior vice president at the Center for Strategic and International Studies.
The United States is so awash in oil that petroleum-rich Saudi Arabia’s state-owned oil and natural gas company is reportedly interested in investing in the fertile Texas Permian Basin shale oil region, according to a report last month...
More:
U.S. oil production booms as new year begins
DRUDGE REPORT 2018®
U.S. crude oil production is flirting with record highs heading into the new year, thanks to the technological nimbleness of shale oil drillers .
The current abundance has erased memories of 1973 gas lines, which raised pump prices dramatically, traumatizing the United States and reordering its economy. In the decades since, presidents and politicians have made pronouncements calling for U.S. energy independence.
President Jimmy Carter in a televised speech compared the energy crisis of 1977 to “the moral equivalent of war.”
“It’s a total turnaround from where we were in the ’70s,” said Frank Verrastro, senior vice president at the Center for Strategic and International Studies.
The United States is so awash in oil that petroleum-rich Saudi Arabia’s state-owned oil and natural gas company is reportedly interested in investing in the fertile Texas Permian Basin shale oil region, according to a report last month...
More:
U.S. oil production booms as new year begins
DRUDGE REPORT 2018®