Skip to content

Shale Boom Won’t Eliminate U.S. Import Needs

Fuel Fix reports that “the U.S. may be producing more of its own oil than it has in decades, but it’s unlikely the nation will fully wean its dependence on foreign crude anytime soon.”  

“’We will deeply remain an importer of crude oil for the absolute foreseeable future,’ Greg Haas, director of integrated oil and gas research at Stratas Advisors told a group gathered at the Dallas Federal Reserve Bank on Thursday.”  

“Although the U.S. is far from achieving anything close to full energy independence, the rapid resurgence in domestic oil and gas production has slashed the nation’s reliance on foreign oil in a short period of time, Haas said.”

Recent Stories

Capitol Ink | MAGA spin off

Senate AI ‘road map’ potentially a dangerous detour, critics say

‘I’m totally devastated’: Hill cafeteria worker recalls carjacking

Spared angry protests at Morehouse, Biden pushes post-war Gaza plan

Capitol Lens | Duck dodgers

Election year politics roil the EV transition