Over the last week, the bitterly cold weather around the world has revealed a lot of hard truths over the reality of our energy situation. Not only have severe winter storms pummelled much of Europe, Russia, and the Nordic countries recently, but I’ll bet you’ve experienced that harsh winter bite yourself in the last few days here in the U.S. and Canada. Thanks to these frigid temperatures, more than half of North Dakota’s oil production has been shut-in.
Believe it or not, this is a win-win situation for the United States. If there’s one thing that China will need to satiate this growing hunger, it’s petrochemical feedstocks. Fortunately, there’s one place they can count on to boost their imports of these products: The United States.
Investing in oil wells poses high stakes, attracting risk-tolerant individuals seeking significant rewards. Crude oil, the essential fuel of our modern world, lies beneath the earth's surface, awaiting extraction.
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