An oil facility off the coast of Iran, the world’s fifth-largest oil producer. | Atta Kenare/AFP via Getty Images
The United States has been chasing the rhetorical goal of energy independence — the ability to produce enough domestic energy to be essentially free of dependence on imports — since the energy crisis of the 1970s exposed the country’s reliance on Mideast oil. President Donald Trump has put his own spin on the idea, pushing beyond independence to “energy dominance.”
If you look just at oil extraction, the US seems to have succeeded. Thanks to the fracking revolution, it is...
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