Here's How the US Can Counter OPEC's Price War

Here's How the US Can Counter OPEC's Price War

The United States has already overtaken Saudi Arabia, OPEC's dominant member, as the world's largest producer of petroleum liquids — which includes natural gas — according to the International Energy Agency. In the last three years, oil and gas production has grown faster here than in any other country in history. This energy boom has revitalized America's economy, supporting more than 2 million jobs and contributing $283 billion to U.S. gross domestic product.

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