The US is the world’s largest oil producer — so why do we still rely on countries like Saudi Arabia to supply us with crude?

The EIA also notes that the U.S. is the largest oil consumer, using 20.54 million barrels a day, or 20% of the global stock, and well ahead of no. 2 China (14.01 million). The U.S. imported 7.86 million barrels of oil per day last year, the EIA report reveals.

So if America is producing roughly the same amount of oil as it imports, and interest in renewables is rising, shouldn’t it be true that the U.S. would not be so reliant on foreign oil, and that energy price anxieties should subside because U.S. stocks would be more than adequate?

Not by a long shot.

MSN The US is the world’s largest oil producer — so why do we still rely on countries like Saudi Arabia to supply us with crude?

Bottom line, it’s all about maximizing PROFIT, via GREED.