03-03-2022, 11:50 AM
Regarding energy independence, the U.S. was classified as energy independent in 2019 and 2020. This is normally just attributed to Trump but like most things, it's complicated and there is more to it. It was a long journey that culminated in success under the Trump administration, but it wasn't necessarily BECAUSE of him. The march started back in the Bush administration and was continued throughout the Obama and Trump admin. The bill that Obama signed allowing exports of oil allowed oil producers to enter new markets. It was ultimately a move that assisted in the U.S. achieving that independence in 2019 and 2020.
The independence was taken away primarily due to COVID as supply tanked. Once demand recovered, the supply has still been behind, so we are no longer independent. Biden has also implemented bills that could impact oil supplies down the road.
The independence was taken away primarily due to COVID as supply tanked. Once demand recovered, the supply has still been behind, so we are no longer independent. Biden has also implemented bills that could impact oil supplies down the road.
