Forget Peak Oil, Peak Capital Will Cost Consumers Dearly
The Energy Information Administration reported that the United States did not import any oil from Saudi Arabia in the last week of 2020. There are many reasons for this, and it is likely temporary, but the trend of lower oil imports is happening because of increased domestic oil production in states like New Mexico, North Dakota, and Texas. However, our hard-won national energy security may be short-lived.
Source: https://redstate.com/heartlandinstitute/2021/01/13/forget-peak-oil-peak-capital-will-cost-consumers-dearly-n309263
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