The U.S. leads the world in oil and gas production. This enabled Texas by itself to provide a natural gas lifeline to Europe after Russia’s 2022 invasion of Ukraine destabilized energy markets, in part due to a near ten percent decline in Russian oil and gas production.
President Donald Trump warns the U.S. will strike Iran's power plants if the Strait of Hormuz is not fully reopened within 48 hours, escalating tensions over the vital waterway....