Following U.S. and Israeli strikes on Iran, shipping traffic through the Strait of Hormuz collapsed nearly overnight. Qatar declared force majeure on liquefied natural gas deliveries. Oil surged past $90 a barrel. Gas prices jumped at the pump.
And yet, America is producing more energy than at any point in our history. What gives?
Iran war reality check: Global markets still dictate American energy prices
Drew Bond writes in the Washington Examiner about the Iran war price spikes.
If America is energy dominant, why is the shutdown of a strait thousands of miles away spiking our gas prices?
Following U.S. and Israeli strikes on Iran, shipping traffic through the Strait of Hormuz collapsed nearly overnight. Qatar declared force majeure on liquefied natural gas deliveries. Oil surged past $90 a barrel. Gas prices jumped at the pump.
And yet, America is producing more energy than at any point in our history. What gives?
Read more in the Washington Examiner here.
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