Saudi Oil Attacks Underscore Need for U.S. Energy Dominance

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Saudi Oil Attacks Underscore Need for U.S. Energy Dominance

The attack on Saudi oil facilities this past weekend is a stark reminder of the importance of pursuing U.S. energy dominance and should provide a keen wake-up call to 2020 Democratic presidential candidates determined to ban U.S. fossil-fuel production.

The loss of nearly 6% of global oil output over the weekend sent oil prices soaring around the world, though the impact on the U.S. will be minimal. As the world’s largest crude producer and among the top exporters of oil and gas, the U.S. has the capability to raise output at home to offset supply chain disruptions in the Middle East.The attack on Saudi oil facilities this past weekend is a stark reminder of the importance of pursuing U.S. energy dominance and should provide a keen wake-up call to 2020 Democratic presidential candidates determined to ban U.S. fossil-fuel production.

The loss of nearly 6% of global oil output over the weekend sent oil prices soaring around the world, though the impact on the U.S. will be minimal. As the world’s largest crude producer and among the top exporters of oil and gas, the U.S. has the capability to raise output at home to offset supply chain disruptions in the Middle East.
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