Geopolitics

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In 1972 the USA found itself rationing off gasoline & diesel because the Middle East decided they no longer wanted to supply oil to the USA. 

By 1977 a new Cabinet level department was created called the DOE.

Due to bringing domestic Oil & Gas to the surface our country is no longer reliant on foreign countries which are more than often "hostile."

13.5 million barrels a day of oil & 96 Billion Cubic Feet of Natural Gas are produced everyday in the USA. 

5 Million Barrels of Oil are exported each day making the USA a net exporter.

The USA is no longer dependent upon OPEC; changing the geo-political risk for the entire world. Less global military intervention. 

Wars in the Middle East are less likely as our domestic need is met at home. 

Peace deals have been signed & more are in development. 

The Abraham Accords have drastically impacted Middle East politics & war.

In February 2022 Russia invaded Ukraine and Oil broke above $100/bbl for the first time in a decade.

Northern Africa is fast becoming and area of interest with Nigeria & Egypt being a "Swing Producer." Hence, the increased activity of China on the continent. 

India is only in early birth for consumption of Oil & Gas. 

The world consumes 102,000,000 barrels or 4.3 billion gallons everyday.