Tag: U.S. Oil Production

By: David Blackmon | Commentary, Forbes As the missiles and drones continue to fly over the Strait of Hormuz amid the ongoing conflict centered in Iran, global oil markets are in turmoil. Crude prices surged past $90 per barrel on March 6, and United States pump prices have jumped about 20 cents a gallon in the past week. But even with that, the United States is weathering this storm better than other global powers thanks to an unrivaled level of national energy security. The Shale Boom and Energy Dominance: Building Blocks Of Energy Security The shale boom, boosted by the energy dominance agendas of both Donald Trump presidencies, has transformed the U.S. into an energy powerhouse, slashing reliance on Persian Gulf oil to near rock-bottom levels. This is goo...