Energy markets are complicated and, in the United States, a minimum of, driven mostly by private-sector decisions quite than government diktat. The American president canât management oil output the finest way Russian President Vladimir Putin or the Saudi ruling household can. Producers resolve how much oil to drill, and whom to promote it to, based on the revenue motive. Since 2015, when President Obama changed the foundations to allow the export of U.S. crude, American drillers can promote oil wherever in the world they’ll legally get the best price. Coal, not surprisingly, has declined as a U.S. vitality source, as a outcome of it is one of the dirtiest types of vitality. We do produce extra coal than we consume, nonetheless, with the rest exported to other nations.
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