Punishing Putin Fuels Energy-Export Drive in Congress

[ChisolmTrailDem]

8. Absolutely not. We use more than we produce and are importing the rest. It makes no sense

to then sell our stuff to the EU.

Another thing, the United States is experiencing an increase in crude oil production as a by-product of natural gas shale production in tight formations where some oil is present in the gas deposits - ie: Bakken, Barnett, Eagle Ford, Haynesville, Marcellus, and others. These gas wells are notorious for short production lifespans and won't last forever. The spike in U.S. gas and oil production is also just that, a spike.

The only reason to sell our stuff to the EU is for the profit potential with no regard for the long-term consequences.