From FoxBusiness.com…
The United States is on the verge of an energy crisis of its own making.
The price of oil recently hit a seven-year high on the back of rising geopolitical tensions in Europe and the Middle East. With tensions rising between Ukraine and Russia, and no end in sight to existing supply chain disruptions, industry analysts expect prices to soar to over $100 a barrel before the end of the year.
If they are correct, inflation and economic uncertainty will be driven even higher than they are today, as will the dollar value of our energy imports from strategic adversaries. Unfortunately for the United States, this is a crisis of its own making.
