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Where We are Headed: Making the U.S. Poorer and OPEC+ Richer

Apr 15, 2021 - National Review

Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia in 2018. (Ahmed Jadallah/Reuters) Why international competitors are eating the U.S.'s lunch in oil markets. T he light at the end of the COVID tunnel is brightening, in substantial part as a result of the global inoculation effort, however slowly and unevenly. With this improving public-health outlook comes a prospective renewal of worldwide economic growth generally, and in industrial, commercial, and transportation s...