Comments by "Roger Dodger" (@rogerdodger8415) on "" video.

  1. The combination of hydraulic fracturing (fracking) and horizontal drilling has led to a renaissance in U.S. energy production. Since 2006, net imports of petroleum and petroleum products into the U.S. have fallen by 13 million barrels per day (BPD). That means hundreds of billions of dollars that were being sent to countries like Russia and Saudi Arabia for oil imports are now staying in the U.S. economy.Related: The 3 Hottest Inverse Energy ETFs U.S consumers have benefited tremendously from the practice. Multiple studies have shown that consumers are now saving hundreds of billions of dollars per year in energy costs. Bernie Sanders has vowed to end this practice if elected President. He has already introduced legislation to do just that. Making Russian Energy Great Again Russia would be a significant beneficiary of a U.S. fracking ban, as it would allow them to recapture market share that was lost as U.S. oil and gas production surged. U.S. oil production would fall, but so would natural gas production. That, in turn, will also help Russia retain its control of the global natural gas export market. Senator Sanders has also promised to sign an Executive Order re-implementing the ban on U.S. crude oil exports because of his view that climate change is a national emergency. President Obama signed legislation in 2015 repealing the 40-year old export ban in the face of rapidly rising U.S. crude oil production. That repeal helped U.S. production continue to grow, at the expense of other international oil producers like Russia.
    1