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Home World News

Opinion: Why Big Oil Is Moving Away from ‘Drill, Baby, Drill’ – Driving Trump to Look at Canada and Greenland

by bullnews
March 4, 2025
in World News
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Opinion: Why Big Oil Is Moving Away from ‘Drill, Baby, Drill’ – Driving Trump to Look at Canada and Greenland
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As of March 4, 2025, it’s fascinating to learn that the United States holds the title of the world’s number one gasoline exporter. A substantial portion—about 16%—of the global gasoline exports have their origins right here in the U.S. This significant export sector not only creates numerous jobs for Americans but also helps in narrowing the U.S. trade deficit. Additionally, it establishes a sort of economic clout that aligns with the leverage often discussed by President Donald Trump, effectively keeping other countries economically reliant on us.

The reason behind this impressive export capability is the abundance of oil and gas within the United States. When it comes to production, the U.S. ranks at the top globally, outpacing major producers like Saudi Arabia and Russia. Indeed, the United States is leading the charge in oil and gas production.

Tags: BabyBigCanadaDrillDrivingGreenlandMovingOilOpinionTrump
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