Foreign Oil vs Domestic Oil

Foreign Petroleum industriousness V. S. Domestic Petroleum Industry The Petroleum Industry is a very(prenominal) important industry for our ever-changing instaurationly concern. As we know it, refine now, the world pretty much revolves around anele and botch exploration and extraction. near everything that the world produces uses anele or gas in one delegacy or a nonher. Right now, the Petroleum Industry is very big and comfy in the Middle East (like in Pakistan and Iraq). Those beas are some of the worlds biggest oil and gas producers. They are making the big bucks by selling to us here in the linked States.The oil and gas industry is easy in the Middle East. The United States is one of the biggest importers of oil and gas. We, as a nation, use an extremely large amount of oil and gas. When compared to the foreign Petroleum Industry, our house servant Petroleum Industry is really lacking. The United States has so much accessibility to oil and petroleum, but we are non extracting it from our surrounding bodies of water, such as the Gulf of Mexico. We have the potential to physical exertion for our own petroleum so we will not have to obtain each oil or gas from foreign industries, but we are not boring for some reason.Our Petroleum Industry could be a big contender in the world market, but since we are not drilling, we are not even a contender at all. The hurt of oil and gas is constantly rising. This does not look good for our parsimoniousness since we are not drilling our own oil here in the United States. If we actually started to drill for oil and gas here in the United States, domestically, we would not have to worry about extremely eminent gas prices since we would be drilling it here. But since we have to buy from an world-wide seller, we cannot name our own price for the oil and gas that we purchase from them.If we had domestic oil and gas exploration and extraction, we would have less trouble and free rein with foreign countries. The less we deal with foreign countries that really do not like us, the better for us. The domestic Petroleum Industry, pretty much, does not come through since we do not have permission from the President to be drilling off the coast of the United States. Even with the drilling that we ARE doing already, it allay does not add up to what we could possibly be drilling and utilise or selling. If we had permission to extract oil and gas from the ocean right off of the coast of the United States, our domesticPetroleum Industry could also be booming like the Middle East, but since we do not have any say in what we can and cannot do, it seems like the Middle East (at least(prenominal) until they run out of oil and gas) will always have a better Oil and Gas Exploration and Extraction Industry than us here in the United States of America. It is a shame to know this because we would not have to be spending as much of our own funds and getting THAT much deeper into National Debt, if we c ould just drill off of our shores Sources http//www. oilandgasinternational. com/ www. ipaa. org