Loading ...Remember when all the talking heads on TV predicted higher rates when it was up to 3%??
Remember all the peak oil talk years ago??
Conserving oil is no longer an economic imperative for the US.
Growth of natural gas and other alternatives to petroleum has reduced the need for imported oil, which “in turn affects the need of the nation to conserve energy”, the US energy department said. It also cited fracking, which has unlocked shale oil reserves, for giving “the United States more flexibility than in the past to use our oil resources with less concern”.