3 ms·
Not really, the US didn't wait for oil to become more expensive to extract in other countries. It financed the R&D for more efficient extraction for decades, mo
by oersted 1y ago
Not really, the US didn't wait for oil to become more expensive to extract in other countries. It financed the R&D for more efficient extraction for decades, mostly for geopolitical reasons, against short-term market pressures, until it eventually became cheaper to extract in the US despite the harder conditions.