image: Ty Wright/Bloomberg

Does The US Really Need More Oil?

March 21, 2018

Via: Forbes

US oil production is set to hit a record 11 million barrels a day by 2019, according to latest figures by the Energy Information Administration (EIA). Meanwhile permits are being issued for further exploration in national parks and pressure is being put on deep water drilling and exploration in the Arctic. Domestic oil production is seen as a key to global US energy dominance and is a priority focus of the current US administration. But what if these developments show the US to be on the wrong side of history – does it really need more oil?

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