Posts Tagged 'crude oil'

Obama Needs to Lift Crude Oil Export Ban This Year

Obama Needs to Lift Crude Oil Export Ban This Year

University of Texas’ annual energy poll found that 58 percent of Americans incorrectly thought that America’s major source of foreign oil is Saudi Arabia and another 15 percent say it’s Iraq.

The truth, of course, is that America’s biggest oil suppliers is Canada, which provides 28 percent of U.S. oil imports. If you add in Mexico and Venezuela, that number goes up to 50 percent.

How much oil do we actually get from the Middle East? Saudi Arabia and Iraq provide just ...

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US Oil Production Will Help Us Regain International Prestige

US Oil Production Will Help Us Regain International Prestige

President Obama has made it clear that he is no advocate of fossil fuels. He has gone to war against coal and refuses to allow drilling on most federal lands for oil.

Despite this lack of support, the United States actually has a surplus of crude oil and natural gas. Domestic production is way up — to the point that gas prices at the pump has started to come down. There’s even talk of exporting gas and oil — something that ...

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