Showing posts with label US oil exports. Show all posts
Showing posts with label US oil exports. Show all posts

Monday, December 28, 2015

OIL EXPORTS

Despite the U.S. decision to end its oil-export ban, the country remains more dependent on foreign oil than when the exports were banned 40 years ago, which raises the issue of peak oil, Forbes writes.*

There go our chances of becoming independent of Mid-East oil.  Looks like war until "hell freezes over."  Also looks like we can kiss lowering carbon dioxide levels goodbye.

* http://www.forbes.com/sites/michaelkrancer/2015/12/22/the-end-of-the-crude-oil-export-ban-offers-promise-and-peril/