WhatFinger

New book analyzes near-total foreign dependency for critical minerals--and offers solutions

A looming technology-security minerals crisis?


A looming technology-security minerals crisis? In 1973 OPEC countries imposed an oil embargo to retaliate for US support of Israel during the Yom Kippur War. Drivers endured soaring gasoline prices, blocks-long lines, hours wasted waiting to refuel vehicles, and restrictions on which days they could buy fuel. America was vulnerable to those blackmail sanctions because we imported "too much" oil--though it was just 30% of our crude. The fracking revolution (horizontal drilling and hydraulic fracturing) and other factors changed that dramatically. The United States now produces more crude oil than at any time since 1970.
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