Impact of Decades of Oil Drilling on US Economy Amid Iranian Tensions

Reported about 12 hours ago

The article examines how the expansion of oil drilling in the US over the past decades has provided economic leverage during geopolitical tensions, particularly those involving Iran. Despite President Trump's concerns over fuel prices linked to Middle Eastern conflicts, US oil production has risen dramatically, reaching over 418 million barrels per month, thanks largely to the fracking boom initiated in the mid-2000s. This increase made the US a net oil exporter and helped stabilize its economy amid fluctuating global oil prices, showcasing the impact of bipartisan energy policies on current economic resilience.

Source: YAHOO

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