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Become the world s largest producer of oil. that means that it will crush opec s dominance in the energy market and finally achieve a goal of energy independence for our nation. alicia acuna has more from denver. with the price at the pump at a seven-year high, some may question the president when he says we re very strong on energy. we re essentially now energy independent. analysts say the president is correct. good news is on the horizon. i think it is fair to say that the overall policies on deregulation by this administration have been constructive. for decades the organization of petroleum exporting countries or opec opec, control the prices of oil, with an embargo back in 73. a few years back opec leader saudi arabia saturated the market dragging down the price per barrel. some u.s. companies went bankrupt, but the industry adjusted becoming leaner and ....
Improving fracking technology. we lowered our break even price much faster than opec could lower its. so the bottom line was they blinked before we did. renewed sanctions on iran and unrest in oil producing countries like venn as well as la are hoping to venezuela are hope venezuela are helping to push up gas prices. we re still on a path to be in the biggest oil producer in the world, the biggest oil exporter, and one of the biggest consumers. detractors say the president s pro fossil fuel policies will hurt the environment. well, it seems like we re going back in time almost 100 years now to where oil and gas are king. the trump administration believes the strategic petroleum reserve created after the 73 oil embargo is not as necessary now and is considering cutting the amount stored there for a rainy ....