By Amy Harder | Axios
We’ve gone from an energy-scarce to an energy-abundant nation, and our climate debate has waxed and waned. Let’s drill down on a decade’s worth of changes.
- The oil boom
America’s oil production has nearly doubled over the last decade, and we became the world’s biggest oil producer a few years ago, thanks to drilling technologies like fracking and horizontal drilling. This dynamic has complicated policies predicated on limited oil supplies, including a federal ethanol mandate and fuel-efficiency standards for cars.
On the geopolitical front, the U.S. is now becoming a swing producer alongside OPEC, the Organization of Petroleum Exporting Countries.