oil industry

Under Trump, America Became a Net Exporter of Natural Gas and Crude Oil for the First Time in More than Fifty Years

So much of America’s energy boom during Trump’s tenure can be attributed to his stated strategy of “energy dominance.” The White House’s Council of Economic Advisors (CEA) 2020 report found that in 2017 the United States became a net exporter of natural gas. It was a feat not seen since 1958. The United States became a net exporter of crude oil and petroleum products and will likely remain a net exporter for all of 2020 for the first time since 1949.

TOPSHOT - US President Donald Trump waves as he leaves a rally at Tucson International Airport in Tucson, Arizona on October 19, 2020. - US President Donald Trump went after top government scientist Anthony Fauci in a call with campaign staffers on October 19, 2020, suggesting the hugely respected and …

Al-Qaeda Still Making Big Money from Yemen Oil

Al-Qaeda has suffered some battlefield setbacks in chaotic Yemen, but the terror organization still controls highly profitable oil fields in the southern regions of the country and has been taking advantage of fuel shortages to reap huge profits.

Forces loyal to the Saudi-backed Yemeni president cheer on a road in Abyan province as they take part in an operation to drive Al-Qaeda fighters out of the southern provincial capital, on April 23, 2016

Fracking Productivity Doubling Every Two Years

From fewer than 50 barrels a day in 2009 to 400 barrels today, fracking technology has advanced at a pace that has doubled oil well production every 2 years. That pace of productivity improvement is almost identical to the computer industry’s Moore’s Law, which expects the speed of processing chip to double every 2 years.

Fracking (David McNew / Getty)