In the United States, there has been an end of the oil era. Oil is no longer a primary source for our economy; instead, the demand is high. The oil industry in the United States is in a slump because of overproduction. The supply is very low, and the demand is not that high. It would be great if there was a new oil production in the United States but it appears that we are stuck with what we have.
Many people think that the recession, and the economic crisis, are related and they are partially true, but they are not the same thing. When the oil supply goes down, the prices go up, but when the demand goes up, the prices go down.
The future oil production in the United States will depend on what happens with the current oil prices. If the current prices stay the same or go up, then future oil production in the United States is going to be low, and there is not much of a chance for a new oil production in the United States.
Energy independence is a big topic. Some people want to have an energy independent nation. If we cannot rely on oil and gas, then we might have to change our energy use.
If there was a new oil production in the United States, then the prices would go up and then maybe we could have a better economy, and we could get an energy independence. That is where we are right now, and there is nothing that can change that. You might have to pay more to get your gas or oil, but if you go with a company that produces a few barrels a day, it is still cheaper than it would be to get it from the Middle East.
Oil will always be around and it will be available. So you do not have to worry about whether or not there is a new oil production in the United States, you can just take advantage of the current prices will not change.
There is no need for panic over the current economic problem in the United States, as long as there is enough oil produced, the United States can always be prosperous. I have a very pessimistic view of what the future holds for the United States, but I do not have an optimistic outlook on the oil situation either.
The past is in the past and all that matters is the present. In this case, the future is right now.
No one knows for sure when the new oil production is going to happen, but I do know that we need the future of the United States and the world to be secure and not dependent on oil. We need to make sure that our oil is protected, because we are running out.
