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Originally Posted by blankall
This is probably more to do with counter-balancing Iran than oil. The US is actually on the way to becoming oil independent very quickly:
Edit:
This could also just be straight up profiteering. This deal will keep a lot of Americans employed. |
I can't remember if it was the "Prize" or the "Quest" but, either way, it was mentioned that the US being an import state for so long was a mixture of strategy and economics. US shale has been a known commodity for a very long time. Yes, it wasn't economic at the time to get, but importing oil from others and drawing down their reserves while keeping the US reserves safely stored in the ground had some obvious long term benefits.
Anywho, once the world doesn't have oil to battle over, we'll just start fighting over rare earth metals
P.S. I highly recommend both of those books by the way.