U.S. Oil Production Will Help Regain Prestige

Posted by Neal Asbury on January 20, 2014 · Leave a Comment 

President Obama has made it clear that he is no advocate of fossil fuels. He has gone to war against coal and refuses to allow drilling on most federal lands for oil. Despite this lack of support, the United States actually has a surplus of crude oil and natural gas. Domestic production is way up to the point where gas prices at the pump have started to come down. There’s even talk of exporting gas and oil, something that has been restricted since the 1973 OPEC embargo. The... Read More

Filed under Articles, Economy, Employment · Tagged with Chevron, energy costs, foreign aid, Keystone XL Pipeline, Obama, U.S. crude oil, U.S. economy, U.S. gross domestic product