‘Energy independence’ is a pipe dream, even for as big a producer as the U.S. But we are needlessly hobbling our domestic energy sector for political reasons.
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C
anada has announced a ban (mostly symbolic) on Russian petroleum imports. The United States has not, because we have hamstrung ourselves. In spite of being the world’s largest oil producer — by far — we continue to import enormous quantities of oil and other petroleum products. That isn’t a bad thing in and of itself, but it does limit some of our options — and, in this case, it does so unnecessarily and, indeed, destructively.
There are four things to know here.
First:
The big immediate issue with U.S. petroleum production is not how much crude we produce but what kind of crude …
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This article was originally published by Nationalreview.com. Read the original article here.