It was just a few short years ago that Americans worried about our growing dependency on foreign oil. We were at the mercy of Middle Eastern nations like Saudi Arabia and had to constantly worry about one of their shutdowns if the US did not show respect for two bit dictators and human rights abusers. That was then, this is now. As of today,the United States has once again become the largest producer of oil and natural gas. One would think this milestone would be greeted with some demonstration of happiness by Republicans, but it happened during the reign of the black dude so it must be a horrible event. What does it mean?
1. The US will be saving money by not importing money.
2. More money will be remaining in the USA.
3. The Middle East has lost its power to dictate foreign policy.
4. Saudi Arabia is losing its power to set oil prices.