Oil Prices Surge to Highest Point in 14 Years
Just a few years ago, America was a net exporter of oil and had achieved energy independence. However, times have changed and since 2020 the world has seen a steady climb in the price of a barrel of oil as America cut its production. Today’s infographic from Statista reminds us that world events (such as Russia’s recent invasion of Ukraine) can send prices surging. As always, stay safe and have a Happy Friday!