Oil: Made in America
The month of October was the first time since 1995 that America produced more oil than it imported. In terms of price control and energy security, this is a good thing for the United States as oil production is one of the key areas where we have been outsourcing our economic sovereignty. That said, fossil fuel reserves are limited while this precious resource is more valuable as the foundation of biotechnology and polymers; henceforth, domestic oil production cannot be continuously expanded or even maintained into the distant future. As such, the goal is not simply to reduce our dependency on foreign oil; it is to wean our dependency on oil and other fossil fuels. Accordingly, our country must continue to pursue increased efficiency standards and alternative energy sources to replace oil as our major energy source.
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