The U.S. Spends Billions Annually On Russian Oil

Last week President Trump criticized Germany reliance on Russian natural gas. I compare this to the U.S. reliance on oil from Russia and from OPEC.

China Emits More Carbon Dioxide Than The U.S. and EU Combined

The U.S. was historically the world’s largest carbon dioxide emitter, but China now emits more than the U.S. and EU combined.

Blame Oil For Our Trade Deficit With Canada

To the extent that the U.S. has a trade deficit with Canada, you can blame crude oil imports. But this situation is probably better than the alternative.

Venezuela’s Oil Exports Are Headed Toward Zero

GlobalData recently projected that Venezuela’s crude oil production would drop to one million barrels per day by the end of the year. At this rate of decline, the country may have no more oil for export by early 2019.