America Produces Enough Oil to Meet Its Needs, So Why Do We Import Crude?
"NBC News is reporting that the U.S. intends to ban imports of Russian oil today. That has caused another jump in already surging oil prices, but for many Americans the most surprising thing about this is that America imports Russian oil at all, let alone so much that it accounts for around eight percent of total U.S. oil usage. I mean, haven’t we been told repeatedly over the last five years or so how great it is that the U.S. has become energy independent?
Well, yes, we have. But that statement, while true in some ways, covers up several decades of short-sighted energy policies."
Discuss......
"NBC News is reporting that the U.S. intends to ban imports of Russian oil today. That has caused another jump in already surging oil prices, but for many Americans the most surprising thing about this is that America imports Russian oil at all, let alone so much that it accounts for around eight percent of total U.S. oil usage. I mean, haven’t we been told repeatedly over the last five years or so how great it is that the U.S. has become energy independent?
Well, yes, we have. But that statement, while true in some ways, covers up several decades of short-sighted energy policies."
Discuss......