The U.S. continues to be the no. 1 producer in the oil and gas industry. As such, it also plays a huge role in exporting oil to other countries.
One of the news blogs mentioned:
“Republicans and other supporters say it is necessary for jobs and energy security, because the U.S. would be importing oil from its neighbor, not the Middle East. Still others have criticized the project because some of the product refined from the oil could be exported to other countries, instead of used here.”
KTVN Channel 2 – Reno Tahoe News Weather, Video –
The above video shows Senator Mitch McConnell, Minority Leader, discussing how working on certain key areas in the oil and gas industry could create an impact on the U.S. economic condition.