Thanks to the U.S. shale revolution, our imports from OPEC have been sinking since 2008. And the good news is that friend Canada has filled in quite nicely.
Share to twitterMike Pompeo, U.S. secretary of state, speaks in the briefing room at the State Department in Washington, D.C., U.S., on Tuesday, Nov. 20, 2018. President Donald Trump said he wouldn't downgrade U.S. relations with Saudi Arabia over the murder of columnist Jamal Khashoggi, regardless of whether Crown Prince Mohammed bin Salman ordered his death. Photographer: Al Drago/BloombergOne of the great energy security benefits that the U.S.
Thanks to surging domestic production, U.S. oil imports from riskier OPEC have plummeted in the shale-era.The U.S. oil boom is why we have been able to put sanctions on rogue leadership in high oil producing nations Iran and Venezuela without crippling the global market., there is no doubt that lowering dependence on OPEC enhances our oil security and moral standing in the world.
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