E15 gasoline incoming...
Leaving this link here. I am not aiming to be political with this, but just a heads up... more booze in our dino juice is headed our way.
Forum Discussion
Yep, the numbers definitely indicate that the US is extremely close to being energy independent. We get the enormous majority of our oil domestically and from Canada. A quick glance shows that we only import about 25% of our oil, and only about 10% of those imports come from Saudi Arabia; Saudi Arabia isn't the entirety of OPEC, but I can't imagine the OPEC numbers accounting for anything more than 5% of our total oil supply.
On top of that (and I'm sure Zeihan covers it), shale oil production in the US is limited only by demand. Entire shale oil operations shut down or start up with oil price fluctuations; the only barrier to more US oil production is whether it's profitable for the companies to turn the lights on that month.
On top of that (and I'm sure Zeihan covers it), shale oil production in the US is limited only by demand. Entire shale oil operations shut down or start up with oil price fluctuations; the only barrier to more US oil production is whether it's profitable for the companies to turn the lights on that month.
