3 ms·
According to wikipedia: "Since the 1990s, the [US] oil market has been free of most regulations."[1] My understanding was that the US oil boom was caused by tec
by AbrahamParangi 8y ago
According to wikipedia: "Since the 1990s, the [US] oil market has been free of most regulations."[1] My understanding was that the US oil boom was caused by technological advances that enabled better exploitation of shale oil deposits. Also according to this graph[2], the boom really starts around 2011-2012, not 2015.
[1] https://en.wikipedia.org/wiki/Petroleum_in_the_United_States#cite_note-Energy_Regulations-29 https://en.wikipedia.org/wiki/Petroleum_in_the_United_States...
[2] https://en.wikipedia.org/wiki/Petroleum_in_the_United_States#/media/File:Monthly_U.S._field_production_of_crude_oil_(January_1920-August_2018)_(45664259591).png https://en.wikipedia.org/wiki/Petroleum_in_the_United_States...
- totablebanjo 8y agoI think the above poster, itissid, was referring to the US domestic oil export ban which was lifted at the end of 2015.