Recent economic and geopolitical turmoil has dramatically impacted the global energy landscape, with the U.S. finding itself at the intersection of multiple converging forces. Russia's invasion of Ukraine sent crude oil prices surging .
From the early 1980s to around 2008, U.S. oil production fell from 10.7 million barrels per day down to just 7.8 million, while oil imports more than doubled from 6.0