"Over the last two decades, America has increased its demand for oil by nearly 30 percent, yet we have not expanded our ability to produce domestic sources of fuel"
- Tim Murphy
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This quote by Tim Murphy highlights the reality that America has ended up being increasingly dependent on foreign sources of oil over the last 20 years, in spite of the reality that its demand for oil has increased by nearly 30 percent. This recommends that America has refrained from doing enough to increase its domestic production of fuel, leaving it susceptible to the changes of the global oil market. This might have severe implications for the US economy, as it might be exposed to higher rates and supply disruptions. It is for that reason crucial for the United States to invest in domestic sources of fuel in order to reduce its dependence on foreign sources and make sure a more safe and secure energy supply.
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