Sky News economics and data editor Ed Conway has produced another short and information filled segment looking at how the U.S. become the biggest oil producer in the world. Well worth the 5-minutes. This video helps to put into context many of the geopolitical shifts currently underway around the world.
And there is going to be even more oil coming out of US refineries soon as Venezuelan oil arrives in the US.
And we here in this country probably have OPEC to thank for the success of our fracking industry. Starting in 2014, OPEC got into a price war trying to destroy the US fracking industry. It backfired. Producers innovated and became leaner and more competitive. Now the US is an energy island of huge size.