Crash!

netoil

As per the American Enterprise Institute website, the EIA released new data this week showing that America’s net petroleum imports fell below 25% this year (through September) for the first time since 1971. What accounts for the lowest dependence on foreign sources of petroleum in 44 years? It’s not because of any centrally planned government policy in Washington like the Renewable Fuel Standard program, or taxpayer subsidies of other renewable energies. America is more energy secure today than any time since the early 1970s thanks to the old-fashioned American free-market ingenuity that unlocked our country’s abundant shale resources.

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About Scott

Live next to Chevron refinery. Lots of petroleum consultants in the area. I am interested in learning more about the industry. Also, interested in finance, business, and investing in world markets.
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