Watch out OPEC, there’s a new oil-rich sheriff in town: AMERICA.
The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania. U.S. crude shipments reached a record 3.2 million barrels last week, government data show.
The shale revolution has transformed oil wildcatters into billionaires and the U.S. into the world’s largest petroleum producer, surpassing Russia and Saudi Arabia. The power of OPEC has been diminished, undercutting one of the major geopolitical forces of the last half century. The cartel and its allies are meeting in Vienna this week, trying to make a tough choice to cut output and support prices, risking the loss of more market share to the U.S.
What is outlined above is why oil-rich nations like Saudi Arabia have been funding the global warming propaganda industry for the last three decades, including hundreds of millions in university funding over that time to create pre-determined outcomes in studies that were used to prop up the global warming scam. (See: Al Gore) The Saudis and others wanted the U.S. government to initiate a series of anti-energy regulations that would further America’s dependence on foreign sources of oil. The Saudi’s spent hundreds of millions on global warming propaganda but made hundreds of BILLIONS in oil sales to the United States and Western Europe.
Since Donald Trump became president that has been a dramatic shift in this dynamic and OPEC nations are now scrambling to come to terms with the fact that the United States is now the #1 oil-producing nation on earth. Some might recall going to school in the 1970’s and 1980’s and being told we were going to run out of oil. (And that we were facing another ice age because of pollution.) Those were lies perpetrated by the same Saudi-funded academic institutions who then screamed “Global Warming” in the 1990’s and beyond.
The last thing the globalists want is an energy independent America. As of now, we are winning and they are losing on that all-important front.
The war continues…