The new oil boom in the US
Who’s the biggest oil consumer in the World? For quite some time, the US was the world’s top oil consumer. This has, in turn, made it vulnerable to economic pressure that oil-rich countries around the globe might misuse and attack the US economy. It’s a well-known fact that the dollar is tied to the value of crude oil, and the US has spent an inordinate amount of resources to keep the oil price stable in the world. How can the US protect themselves? Protecting themselves through oil production has been…
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