Quote:
Originally Posted by backinblue
The U.S. was/is energy independent, but the new administration seems determined to change that.
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Can you point me to some data that shows this?
Yes, the fracking boom made the USA energy independent, but it's not sustainable at the oil prices we've had for much of the last year. Just look at the layoffs and bankruptcies in the US oil industry.
Climbing oil prices seem to me to be a good thing for the US oil industry, oil industry employees, mineral owners, states dependent on oil revenue, etc.
This explains much of the relationship as I understand it:
https://www.eia.gov/todayinenergy/detail.php?id=43796