Thursday, December 25, 2014

It is now in America's Strategic Interests to continue to be the largest exporter of oil

At least in the short term. So, primarily because of the interests of Saudi Arabia (remaining a viable government and state) and the U.S. (not wanting to fight with Russia or Iran), the U.S. continuing to be the biggest exporter of oil (in the short run of 1 to 2 years or more) is likely in the interests of the U.S. economy.

However, in the long run we also need to conserve our oil in the ground for future needs or wars worldwide. So, there is a balance to be met here as well. So, finding that balance likely will be the hardest part of all this. However, for now, the economy is one of the fastest growing economic engines on earth specifically because of low oil prices.

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