Scott Coenen: True energy independence

The column below reflects the views of the author, and these opinions are neither endorsed nor supported by
Recent attacks on Saudi Arabia’s oil infrastructure highlight the role emerging technology can play in securing true American energy independence. People don't often realize how fragile and interconnected world oil markets are or how vulnerable the United States' position in those markets is. The US consumed about 20.5 million barrels of oil per day from world markets in 2018. Thanks to fracking and new oil drilling technology we now produce about 11.5 million barrels of ...

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