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BUY PRAVACHOL OVER THE COUNTER, The U.S. domestic oil boom has completely altered the accepted consensus of just a few years ago that America’s best days as an oil producer were over. But what, buy PRAVACHOL no prescription, Rx free PRAVACHOL, exactly, are the long-term implications of this renaissance, PRAVACHOL class. After PRAVACHOL, Increased domestic oil production, led by North Dakota’s Bakken formation, low dose PRAVACHOL, PRAVACHOL no prescription, has yielded many positive economic benefits. Yet, those who believe that this boom is a panacea that can solve all of America’s energy problems are mistaken: it does nothing to reduce oil dependence or break our ties to the cartel-dominated global oil market and its high and volatile oil prices, is PRAVACHOL addictive. Taking PRAVACHOL, First, the benefits, PRAVACHOL use. Buy PRAVACHOL online cod, The evidence is clear that the surge in domestic oil production has directly created tens-of-thousands of high-paying jobs, contributed to an unprecedented decline in oil imports, online buying PRAVACHOL, PRAVACHOL photos, and kept more American capital at home where it can be productively invested. Currently, North Dakota’s unemployment rate is 3.2 percent, and although North Dakota and Texas (the other epicenter of the oil boom) account for little more than eight percent of the country’s population, together they are home to more than 20 percent of new jobs created since the end of the recession, and more than 100 percent of the increase in oil production since 2009, BUY PRAVACHOL OVER THE COUNTER. In addition to these economic benefits, cheap PRAVACHOL, Real brand PRAVACHOL online, rising American oil production also provided the global oil market with an added degree of short-term flexibility that directly contributed to stronger economic sanctions on Iran this year and last. Surging production from Texas and North Dakota has played an essential role in realizing these benefits, PRAVACHOL reviews. Buy PRAVACHOL without a prescription, However, all too often, order PRAVACHOL no prescription, Where can i buy PRAVACHOL online, our national dialogue about the energy renaissance taking place in the Bakken focuses on the myth of “energy independence,” and the misguided notion that increased domestic oil production alone can significantly strengthen American energy security, about PRAVACHOL, PRAVACHOL dose, and reduce prices for consumer fuels like gasoline and diesel. The United States remains a significant consumer of oil, online buy PRAVACHOL without a prescription, Cheap PRAVACHOL no rx, and petroleum fuels power a large portion of our economic activity. BUY PRAVACHOL OVER THE COUNTER, Oil currently accounts for 37 percent of U.S. primary energy demand—more than any other fuel—and powers 93 percent of all transport activity. According to the Department of Energy, PRAVACHOL online cod, PRAVACHOL price, coupon, these shares are not expected to change significantly through 2030.
As long as America remains oil-dependent, PRAVACHOL recreational, Purchase PRAVACHOL online no prescription, the economy will be vulnerable to high and volatile oil prices, and this vulnerability will continue to affect foreign and military policies, PRAVACHOL cost. PRAVACHOL natural, Despite record increases in American oil production, the global oil market is once again tightening due to widespread instability in the Middle East and Africa and unplanned outages in many other parts of the world, where can i find PRAVACHOL online. Buy cheap PRAVACHOL, A single event anywhere in the world could easily send crude prices soaring—illustrated perfectly by this week’s events in Syria, which have pushed crude oil prices towards an 18-month high, following a 20 percent increase over the past two months thanks to scattered supply disruptions and political instability in the Middle East. Furthermore, American consumers have received no real fuel-price benefit from the oil boom, and they are unlikely to receive one in the future, BUY PRAVACHOL OVER THE COUNTER. Gasoline prices in 2011 and 2012 were the highest in history. And while a temporary infrastructure bottleneck discounted some U.S. crude benchmarks compared to global prices, U.S. refiners were the primary beneficiaries as they were able to charge the market price for gasoline refined from a lower-cost feedstock. BUY PRAVACHOL OVER THE COUNTER, As we look to the future, it is important to remember that high oil prices are effectively necessary to sustain investment in the very resources unlocking new supplies: tight oil, ultra-deepwater, and unconventional resources. It is also important to be mindful of the fact that the global oil market remains heavily influenced by anti-competitive forces, including a producers’ cartel and dominant state-run enterprises, which alone control nearly 90 percent of global proved oil reserves. As a result of higher global oil prices, the average U.S. household saw a 130 percent increase in spending on gasoline over the past decade, from $1,235 in 2002 to $2,912 in 2012. The recent economy-wide drag caused by higher oil prices is nothing new—in fact, every U.S. recession for the past four decades has coincided with a spike in global oil prices. So while we embrace the undeniable benefits we have reaped from tapping the Bakken, it is crucial for the nation not to be placated by the relatively minor benefits to energy security, when compared to the true long-term burden of oil dependence.
So while the nation should continue to embrace the domestic oil boom and reap its considerable benefits, we cannot be lulled into a false sense of security that “energy independence” or any such fictional utopia is just around the corner. Ultimately, only decreasing the oil intensity of our economy and embracing alternatives to oil—particularly in the transportation sector—can the U.S. break the ties that bind the fate of our economy to that of the global oil market, and thereby protect our economy from the negative impact of volatile oil prices, and fully harness the benefits of secure, abundant, and affordable American energy.
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May 12, 2015