By David Fessler In a few months, the U.S. will be crowned the largest producer of natural gas and petroleum in the world.
Even more impressive, by 2030, U.S. production of oil and gas could exceed demand by 30%. That will give the U.S. control of the global fossil fuel market.
This is critical because, today, that’s not the case. Much of the world’s oil is produced in the Middle East.
The recent drone attack that killed Iranian General Qassem Suleimani is a perfect example of why energy independence is no panacea. After the attack, oil prices surged 4.8%, hitting an eight-month high.
Geopolitics are – and …read more
