Why does the USA import oil even though it produces so much? WirtschaftsWissen

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WirtschaftsWissen

Published on Dec 13, 2024
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Invest through my link and get up to 20 free shares! https://tinyurl.com/y7yrwmap Open a free account with Freedom24 and get access to: 1,000,000 stocks, ETFs, stock options and other financial instruments. Better market rates and fair commissions. Lowest stock options prices in Europe: $0.65 per order. Personal support. Freedom24 is a 100% subsidiary of FRHC, listed on NASDAQ. It is regulated by CySec and reports to BaFin and Sec. Invest through my link and get up to 20 free shares! https://tinyurl.com/y7yrwmap Investments in securities and other financial instruments always involve the risk of capital loss. Forecasted or past performance is no guarantee of future results. It is essential to conduct your own analysis before making any investment. Please note that US ETFs are only available to professional investors and may be subject to regulatory restrictions. In 2018, the United States of America became the largest oil producer in the world. In just a decade, the US has overtaken the production levels of its geopolitical adversaries Russia and Saudi Arabia and has quickly gone from being a dependent importer to the dominant global oil superpower. How did the US become the largest oil producing country of all time? Why does the US still buy so much oil? How long can these production levels be maintained? ------------------------------------------------------------------------------------ We are the official German-language channel of Economics Explained! / @economicsexplained

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