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U.S. Oil Boom Amid High Prices and Politics | Odessa News
The U.S. is smashing oil and gas production records—exporting over 100 million metric tons of natural gas for the first time ever, with the Permian Basin in Texas pumping nearly 5 million barrels daily since 2010. Yet gas prices remain stubbornly around $4 a gallon, blamed on Iran tensions and Strait of Hormuz disruptions. Energy Secretary Chris Wright even framed higher prices as necessary to deter nuclear threats. Meanwhile, public approval for the administration hovers at just 37%, and Wright’s only advice? “Hang in there.” A booming energy sector collides with global instability and…
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