European leaders chose not to join the U.S. in an embargo of Russian energy products largely because of dependence on natural gas. Similarly, the world needs the 11% of crude oil that Russia exports. What can the U.S. do to lessen this dependence?
Oil prices dominated economic news headlines this week when crude spiked 4% in a single day to $81.22 a barrel, its highest point in two months. That price might seem like a bargain by summer, as some.