| Drivers can mostly thank the lower cost of gasoline to the highest level of domestic oil production in four decades — over 9 million barrels per day. With American energy production booming and gas prices plummeting, it’s difficult to imagine a return to the shortages that characterized the 1973 Arab oil embargo.
But Saudi Arabia, Kuwait and the rest of the Organization of Petroleum Exporting Countries have recently launched a price war to force Americans back to a dependency on foreign energy. They are being aided by an outdated U.S. policy prohibiting the export of domestic crude oil..............................................Full Article: Source
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